Real estate boom can help the company.
The company is in a great business niche, and I think it should be a bit more aggressive in pursuing growth. They have started new branches- now more than 10, which should help them in growth.
The company is earning decent profit, distributing good amount of dividend; in the H1- 2024 results, they have invested more than 5 crores of rupess in mutual funds!!
Siddhika.pdf (7.5 MB)
Extrapolating the figures, the company is likely to earn INR 15 eps in the current financial year. What will they do with this money? If they keep on investing in mutual funds, RoE will fall.
Management must look for more business opportunities to employ the profit they are generating.
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