Dewan Housing Finance Ltd (DHFL) is the number one wealth creation idea. Dewan Housing Finance is the fourth largest housing finance company in India. The company is a prominent player in the tier2, tier3 markets and has been growing at a very decent pace both in terms of income and profitability. In fact, in the last four years between FY12 and FY16, loan book growth has been quite impressive at almost 35% odd and our sense is that FY18 looks a lot better with the government pushing affordable housing. In fact, the company’s income composition has also been well diversified with almost 75% of its income coming from the home loan segment, another 1819% coming from the LAP segment while the rest coming in from the SME and the project loan segment. Our sense is that FY18 loan book growth should pan out at around 2023% as per the management and asset quality is likely to remain strong, gross NPA levels had already been around 0.84% last year with almost nil NPAs on the balance sheet level.