August 6, 2026 Company continues to do well albeit with operational challenges and volatility as expected in this kind of business. Valuations are now at 43x TTM P/E November 12, 2025 Decent quarter. Valuations continue to be excessive at 67x TTM P/E May 29, 2025 Decent Q4 performance. Double digit revenue growth and continued margin … Read more
August 11, 2026 Much more confident sounding management in the latest call. Performance in the last one year has been muted. In q1 FY 27, the performance has started improving and management is confident that the trend will continue from hereon. Net debt levels now have significantly reduced and currently stand at only about Rs … Read more
May 3, 2025 Muted performance during Q4. Higher provisions on unsecured portfolio + challenges in the microfinance portfolio. Provisions are expected to remain elevated for the next couple of quarters. There is nothing structurally wrong about the bank. However, its struggling to provide excitement compared to the likes of ICICI Bank. Now analysts seem to … Read more
October 15, 2026 Strong revenue growth of 35% yoy in the quarter. PAT growth at 23% was lower due to the higher content cost and Company’s policy of writing everything upfront. In H2, Company expects a much lower content cost as out of the expected Rs 90-100 cr for the whole FY 27, Rs 71 … Read more
January 24, 2024 The Company is a technology-focused small business lending platform. It was incorporated in 1993 as Chokhani Securities Ltd and was acquired and renamed as UGRO Capital Ltd in 2018 by Mr Shachindra Nath (Executive Chairman and Managing Director) who has over two decades of experience in the financial services industry. The Company … Read more
May 9, 2025 Good performance in FY 25 supported by Passenger Vehicles and Consumer Durables. After years of effort, Company has won business from Hero Motors. This will gradually ramp up providing solid support to the Company’s future. In FY 26, management expects 2W to support growth. PVs might be little muted. 2x the industry … Read more
February 1, 2024 V-Guard is a Kochi based company, founded in 1977 to manufacture and market Voltage stabilizers. The Company has since then established a strong brand name and aggressively diversified to become a multi-product Company. 27-28% of Company’s total revenues come from wire segment alone. Non-South markets contributed to 45.6% of total revenues in … Read more
July 9, 2024 Continued improvements across verticals. However, nothing extraordinary. Company has a small mcap of Rs 3,000 cr vs the potential in its focus areas. Don’t expect a sudden ramp up in any vertical. The growth would be gradual, however, ‘sustained’ over long periods. Look for major corrections to enter. February 10, 2024 Key … Read more
January 19, 2024 Footwear retailer – Metro, Mochi, Walkway, Crocs, Fitflop, Foot Locker Own Brands contribute 70-75% of total store product sales at MBOs Management seems to be know it all types – typical of many retail franchises. Strong financial track record – Revenues have grown at a CAGR of 15% in last 5yrs and … Read more