q3fy 24
q4fy24
in q4fy24 result presentation 19 months journey average churn days of loan book have come down to 12 days from 40 days in q3fy24 result presentation 16 months journey
q3fy 24
q4fy24
Few observations:
gross disbursement q4fy2024= 4437 cr >>gross disbursement q3fy2024=4139 cr,
reduction in AUM reflects that the new loans issued were of shorter duration ,
It’s a professionally managed company and the major stake is with FIIs just like HDFC bank and for that matter just like any other bank.
promoter stake is irrelevant on financial institutions as they have to raise capital a lot in the initial days, which leads to the stake dilution of promoters.
Example: Aavas Financiers, SBFC, etc.
Indeed there are a few NBFC i.e, likes of Bajaj Finance, Kotak who had the backing of the giant parents and are managed to have promoters. However, they are rare companies.
I checked FCF of this company is negative in this year but was positive in previous years
For quite sometime management deffered franchise route stating margin are too thin to share with other party, but now they restarted franchisee route
The public holding exceeds the promoter holding. This could potentially impact the share prices.
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