Creditacess gramin has customers having loans from 4 plus lenders at 12 % of the book as of Q2 concall. GNPA NNPA as of Q2 is 2.4 & 1.4 leverage is 2.74
Now coming to Arman it has 1.8 times leverage. as of Q1 nil customers who have taken loans from 4+ institutions. Gnpa nnpa 2.7 & 0.18 as of Q1. 4% of the loan book as provisioned.
So from this comparison Arman seems much better than creditacess. I like Muthoot Microfinance after Arman due to valuation & gnpa nnpa Compared to creditacess. They have published Q2 numbers.
Once Arman posts Q2 numbers we can have better picture.
Both Muthoot and CA mgmt saying by Q3&Q4 things should improve. Arman too in Q1 concall said same. Now need to wait for their result and concall.
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