Have very limited interest in finance sector, since it has 40% weight already in folio.
Apollo fin has very little disclosure, very small scale of operations with declining metrics. Valuation offers little comfort. Promotor stake is in decline. Combining finance and unviable internet startups does not look a good idea to me. It is a very different kind of biz for sure, may need to dig deeper than this superficial analysis. From personal experience, it helps to tend bit on conservative side when dealing with topic of finance. 
Very few succeed like Bajaj fin, which is why it is a superstar. What they are saying is we have the tech platform and the license but will not play the market ourselves. Seems they understand the financial risk part (adjusted to each player’s taste) and just want to play broker/facilitator on the sidelines to make money. Looks like they hit temporary bump due to crack down by RBI on lending apps. It is avoid for me, since they seem to provide a side hustle for small time operators who do not have resources themselves.
| Subscribe To Our Free Newsletter |
