Paul Merchants Ltd is in money exchange and remittances business.
Some key points which stand out:
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Belongs to the industry, where market is humongous, there ia a lot of competition in the space, and the NBFC space has some tall names, with whom competing wont be easy.
And company has very less equity and market cap, so the potential is phenomenal. -
Company is a steadily growing.
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Decent Ratios ROE and ROCe in excess of 12%.
4 striking valuations total market cap is half of the reserves they have currently.
Market cap of 250 cr vs reserves of 520 cr approx.
Trading at FPE multiple of less than 4.
Disclosure: Invested.
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