I have special appreciation for a critical view. A person, not an investor, yet takes time out to post.
From the recent annual report:
During the year under review, our
gross loan assets under management
increased to 580,532 million, compared to
526,223 million in the
previous year, recording an increase
of 10%. We have noticed a significant
increase in our average ticket size from
61,743 to
68,739, validating the
growth momentum in the economy. Our
gold loan portfolio increased by ~11%
and reached ` 575,313 million during
the year under review.
This illustrates, that, a growth of 10% kind is what this business offers. Add to it appreciation in gold price. Bottom line.
It is no Bajaj Finance or Nykaa that will grow fast.
With this in mind, what expectations should one have at CMP. This line of discussion will put things in a perspective and will benefit us.
Imo, it’s a good deal for some of us aiming for 20% kind return in next few years.
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