Moneycontrol
Get App
Last Updated : Nov 05, 2018 10:49 AM IST | Source: Moneycontrol.com

Buy M&M Financial Services: Equity99

The stock is trading at P/E of just 19.8x. It has paid 200 percent dividend for FY18. We are recommending a buy in staggered manner for medium to long term, says Sumit Bilgaiyan of Equity99.

Moneycontrol Contributor @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sumit Bilgaiyan

M&M Financial Services is one of India's leading non-banking finance companies focused on the rural and semi-urban sector; the company has over 5.6 million customers and has an AUM of over $8.2 billion.

It has reported excellent results for Q2FY19, income has improved by 38.6 percent YoY to Rs 2,103.3 crore while PAT increased by 132.6 percent to Rs 381.4 crore as against Rs 164 crore. Disbursement grew by 39 percent YoY to Rs 21,194 crore. PAT grew by 78 percent to Rs 650 crore in first half of FY19.

Close

The overall loan book of the company increased by 26 percent to Rs 554.82 billion in first half of FY19. At CMP, the stock is trading at P/E of just 19.8x. It has paid 200 percent dividend for FY18. We are recommending a buy in staggered manner for medium to long term.

Disclaimer: The author is Founder of Equity99. The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more.
First Published on Nov 5, 2018 10:49 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant