Ugro Capital – Opportunity To Invest in a Fintech-like Company Below Book Value

I’ve recently been studying this stock after I saw Arihant Capital aggressively push it, and am still fairly new – broadly what I understand as the right to win is that it’s an innovative tech solution backed by on-ground hands-on sales/support staff. I had some queries –

1. One thing the management seems to boast of is that their default ratios (both actual and assumed) are far lower than the market. This begs the question – how does a lending company grow aggressively without sliding down the credit curve?

2. There has been some talk of NPAs but I can’t readily find data on this, for e.g. in their last update. Is it normal for a lending company to not disclose this upfront?