IDFC doesn’t have a core bussiness, but it hold shares in IDFC First Bank and some cash and cash equivalents. Now after the merger IDFC First Bank shareholders will see 5% jump as lesser no of shares are been given to IDFC shareholders as the no of shares held by IDFC is higher than the no of shares after the convertion is given to IDFC shareholders and they also get cash and cash equivalent of about 500cr as free which gets transferred to IDFC Bank which will also improve its CRAR further.
JM Financial initiated coverage report on Jindal Stainless with target of 910/sh
They had given EV EBITDA multiple of 10, please study report and give your feedback of this multiple
JM_Financial_Initiates_Coverage_on_Jindal_Stainless_,_sees_15%_UPSIDE.pdf (5.9 MB)
With PAT of 47 crores and a 163% increase in YoY profits in Q2, the PE has cooled down to 118 from a median of 169. Olectra may cross its ATH soon. Great time to accumulate for long term as the company is ramping up its production.
With PAT of 47 crores and a 163% increase in YoY profits in Q2, the PE has cooled down to 118 from a median of 169. Olectra may cross its ATH soon. Great time to accumulate for long term as the company is ramping up its production.
10% GNPA in SCF looks elevated due to the fact that management has completely halted the disbursement of loans in this vertical.
One observation: If you completely remove the 355cr outstanding book of SCF the GNPA on rest of the AUM is only 1.8%.
Disbursement of 615cr as co-lending is huge (highest in it’s peer, like SBFC and Five star), this shows the banks trust Ugro’s underwriting methodology. Massive debt raised at the time, when bank lending to NBFC is not prevalent, is worth mentioning.
I feel the business momentum is good and the management has finally found their Mojo (micro enterprise lending), and share should also do good in the quarters to come.
Invested and biased
Have worked with brands like LP and AS as Regional retail head looking after EBO and Key account channels and with Pantaloons as the Regional Category head. We can discuss this offline 
As told I’ve not been keeping a tab on latest happenings post 2021 end from the time I had left the group 
. My biggest miss from this sector was Raymond in terms of value for which I still kick myself. Of course promotor issue was the biggest deterrent.
You’ll have the inside scoop then. What was your profile there?
There is space for ethenic designer wear like you mentioned. Execution is key.
Manyawar and Zudio have a lower price point. Reliance is going with Reliance Brands. Arvind, well… They have Arrow and Lee but nothing ethnic. Raymonds will be in a premium space but not luxury (designer wear).
The threat perhaps will come in later years from Myntra’s and Tata Neu’s luxury offerings.
The company split revived my interest. I will hold the Madura Garment’s division. That’s a profit centre.
Hi @ramansharma I’m still studying Frog, and would love to hear from you about the result?
Frog cellsat
Excellent YOY PAT up by 60%
EPS up by 59% YoY
Order updates
Product details and growth prospects
Disagree largely.
NPA increase is marginal, not much to read into at this stage. RoA drop also marginal, and largely because the A in RoA has grown sharply with AUM, but the R in RoA will take time to come through as these assets mature.
Rating upgrade will take some time to play into the cost of funds. Also once interest rates start decreasing, which is not too far away, I expect NIMs to expand in the short term.
Only unknown is RBI’s disposition to and any modifications of colending norms.
Disclosure: Invested from 170s. No transactions in last 30 days. May add sone if it corrects mlre with the broader market.