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Equitas SFB – why look at it amid the disturbing third wave of COVID-19?

The improving liability profile along with a healthy capital position and the secured diversified asset book gives Equitas SFB an edge albeit the COVID-19 disruption.

January 10, 2022 / 09:48 AM IST
Equitas SFB – why look at it amid the disturbing third wave of COVID-19?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

  Decent revival post weak Q1 due to Covid Third wave a new challenge but likely to be short-lived Brace for high near-term credit cost Diversified secured asset book could limit the pain Deposits growth healthy, CASA traction meaningful A long-term survivor, weak phase an opportunity COVID-19 has been particularly harsh on the informal sector, and hence all the bottom-of-the-pyramid lenders have been badly affected. Now with the third wave spreading like wildfire, lenders are staring at near-term uncertainties once again. It is precisely in such...

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