Financial analysis is difficult & FA of finance companies is even more difficult. Could not make much sense out of the discussions in the thread. May be will take some time . However I could paint a picture as below.
Business Quality wise( Growth, Return Ratios, Margins, Fin Health)-Gruh, Repco are at top and LIC & Dewan are similar below the toppers. However valuation wise Gruh, Repco are costly. Dewan is dirt cheap. LIC is somewhere in between. But my key point is LIC is a big player already with excellent credit ratings and high brand recall.If I could buy Gruh/Repco it would have been best.
In a nut shell:
Gruh is high quality, high priced small player. Dewan is avg quality, cheap priced , small player. LIC is avg quality, fair priced , large player. I would prefer LIC over both Gruh & Dewan for long run.
Disc: not invested in any HFC as yet. looking for entry