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Ideas for Profit | Is Indostar Capital worth considering despite a weak Q3?

February 13, 2020 / 02:56 PM IST
Ideas for Profit | Is Indostar Capital worth considering despite a weak Q3?

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

We have been upbeat on the prospects of Indostar Capital Finance (CMP: Rs 286, Mcap: Rs 2,639 crore), a private equity-backed NBFC that started as a wholesale lender but quickly changed its business strategy. The stock is up by almost 47 percent since we published a note on the company two-and-a-half months back. Read: Is Indostar Capital’s low valuation justified or an overreaction? Like most NBFCs, Indostar is facing headwinds in the form of constrained liquidity, higher cost of funds...

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