Very good result for the whole year, however some concern on the credit cost/asset quality for Q4.
I am personally astonished to see that Ugro was able to raise 1332 Cr from the large renowned family offices, that too at very good market price. 1332 cr of capital infusion is suffice for pushing the AUM over and above 22K in the next 2-3years.
Current book value is 157INR. At the CMP of 284INR the P/BV is just 1.8. There is a strong possibility of re-rating to 2.5 to 3x P/BV, considering the asset quality remains stable.
https://nsearchives.nseindia.com/corporate/UGROCAP_02052024224453_earningcallppt.pdf
Substantial part of my portfolio. Invested and Biased
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