Analysis, guides and explainers on India's unlisted market — from IPO pipelines to ESOP liquidity.
<span style="font-weight: 400;">Investing in the unlisted market can offer unique opportunities for investors looking to diversify their portfolio and potentially earn significant returns. However, navigating this market can be complex, and selecting the right broker is crucial to ensure a seamless and secure investment experience. The Unlisted market is not regulated hence it becomes very important to identify a right broker. In this article, we will explore the key factors to consider when identifying the right broker in the unlisted market in India.</span> <strong>Reputation and Track Record:</strong> <span style="font-weight: 400;">Researching the reputation and track record of a broker is vital. Look for brokers with a solid reputation, preferably with a significant presence and experience in the unlisted market. Seek recommendations from experienced investors, explore online forums, and read reviews to gauge the broker's reliability, transparency, and ethical practices.</span> <strong>Range of Offerings:</strong> <span style="font-weight: 400;">Consider the range of offerings provided by the broker. A reputable broker in the unlisted market should provide access to a wide selection of companies and investment opportunities. Assess whether they offer diverse sectors, startups, SMEs, or specific industries that align with your investment objectives. A broader range of offerings increases the chances of finding suitable investment options.</span> <strong>Research and Due Diligence:</strong> <span style="font-weight: 400;">A reliable broker should provide comprehensive research and due diligence reports on the companies available in the unlisted market. Thorough research is essential for assessing the potential risks and returns associated with each investment opportunity. Look for brokers who provide access to detailed company profiles, financial information, business models, and growth prospects to make informed investment decisions.</span> <strong>Transparency and Disclosure:</strong> <span style="font-weight: 400;">Transparency and disclosure are critical factors when dealing with a broker in the unlisted market. The broker should be forthcoming with information regarding fees, charges, commissions, and the overall investment process. Clear communication about risks, potential returns, and any conflicts of interest is essential. Ensure that the broker provides regular updates and statements to keep you informed about your investments.</span> <strong>Technology and Platform:</strong> <span style="font-weight: 400;">Evaluate the technology and platform provided by the broker. A user-friendly and secure online platform can greatly enhance your investment experience. Look for brokers who offer robust trading platforms, mobile applications, and access to real-time market data. Additionally, consider the availability of customer support and the ease of executing trades and accessing investment-related information.</span> <strong>Customer Service:</strong> <span style="font-weight: 400;">Efficient customer service is crucial when dealing with a broker. Ensure that the broker has a responsive and knowledgeable customer support team. Prompt resolution of queries, assistance with technical issues, and reliable support for investment-related matters are vital for a satisfactory experience.</span> <span style="font-weight: 400;">Selecting the right broker in the unlisted market requires careful consideration of various factors, including regulatory compliance, reputation, range of offerings, research capabilities, transparency, technology, and customer service. By conducting thorough due diligence and considering these key aspects, you can identify a reputable and trustworthy broker who can guide you through the unlisted market and help you make informed investment decisions. Remember to always assess your risk tolerance and consult with a financial advisor before making any investment decisions.</span>
<strong>Introduction</strong> Capital Small Finance Bank, a leading player in India's banking sector, has announced its financial results for FY23. The results reveal a promising growth trajectory, reinforcing the bank's strong position in the market. This article provides a comprehensive analysis of these results, focusing on key financial metrics. <strong>Interest Income</strong> The bank's interest income, a critical revenue stream, saw a significant increase, rising from INR 578 crores in FY22 to INR 676 crores in FY23. This growth underscores the success of Capital Small Finance Bank's lending operations and its ability to generate substantial revenue from its core business. <strong>Total Income</strong> Total income, another crucial financial indicator, also experienced a notable uptick, moving from INR 632 crores in FY22 to INR 725 crores in FY23. This increase reflects the bank's ability to diversify its income sources and maximize its revenue streams, a key factor in the Capital Small Finance Bank results. <strong>Net Interest Income</strong> Net interest income, a key profitability indicator for banks, rose from INR 256 crores in FY22 to INR 322 crores in FY23. This growth in net interest income underscores Capital Small Finance Bank's efficient interest-earning strategies and its ability to manage interest expenses effectively. <strong>Operational Cost</strong> However, the bank's operational cost also increased from INR 194 crores in FY22 to INR 222 crores in FY23. This rise in operational cost is often associated with expansion activities and investments in infrastructure, indicating the bank's commitment to growth and service improvement. <strong>Profit After Tax (PAT)</strong> Despite the increase in operational cost, the bank's Profit After Tax (PAT) witnessed a significant jump, moving from INR 62 crores in FY22 to INR 93 crores in FY23. This increase in PAT is a positive sign of the bank's profitability and its ability to manage its expenses effectively, a highlight of the Capital Small Finance Bank results. <strong>Net Worth and Book Value</strong> The bank's net worth also increased from INR 515 crores in FY22 to INR 610 crores in FY23, indicating a strengthening of the bank's financial position. The book value per share also rose from INR 151 in FY22 to INR 180 in FY23, further reinforcing the bank's strong financial standing. <strong>Gross Non-Performing Assets (G-NPA)</strong> However, the Gross Non-Performing Assets (G-NPA) slightly increased from 2.50% in FY22 to 2.77% in FY23. This slight increase in G-NPA is a point of attention for the bank's asset quality management. <strong>Valuation and Unlisted Share Price</strong> In terms of valuation, the bank's current unlisted share price stands at INR 350 with a book value of INR 179, resulting in a Price to Book (P/B) ratio of 1.95x. This P/B ratio suggests that the market values the bank at nearly twice its book value, indicating investor confidence in the bank's future growth prospects. <strong>Conclusion</strong> In conclusion, the Capital Small Finance Bank results for FY23 show a promising growth trajectory. Despite the slight increase in G-NPA, the bank's strong performance across key financial metrics indicates a robust financial position and a promising outlook for future growth. The bank's unlisted share price also reflects the market's positive sentiment towards the bank's future prospects https://unlistedzone.com/shares/buy-sell-share-price-capital-small-finance-bank-sfb-unlisted-shares/
<p><strong>NSE Unlisted Shares: <br /><br />A Comprehensive Analysis of FY23 Financial Performance</strong> <br /><br />The National Stock Exchange (NSE), one of India's leading stock exchanges, has shown a remarkable financial performance in FY23. This article will delve into the details of NSE's financials, highlighting the key factors contributing to its growth and comparing its valuation with the Bombay Stock Exchange (BSE).<br /><br /><strong>Revenue Growth: A Surge in FnO Volumes<br /><br /></strong> In FY23, NSE reported a revenue of 12765 Cr, a significant increase from the 8873 Cr in FY22. The primary driver for this revenue growth has been the substantial increase in Futures and Options (FnO) volumes. The surge in FnO volumes indicates a growing interest among investors in derivative trading, which has proven to be a lucrative business segment for the exchange.</p> <table> <thead> <tr> <th style="text-align: center;">Fiscal Year</th> <th style="text-align: center;">Equity (Index and Stock) Volume (Lk Cr)</th> <th style="text-align: center;">Currency Volume (k Cr)</th> </tr> </thead> <tbody> <tr> <td style="text-align: center;">FY20</td> <td style="text-align: center;">14</td> <td style="text-align: center;">41</td> </tr> <tr> <td style="text-align: center;">FY21</td> <td style="text-align: center;">27</td> <td style="text-align: center;">50</td> </tr> <tr> <td style="text-align: center;">FY22</td> <td style="text-align: center;">71</td> <td style="text-align: center;">87</td> </tr> <tr> <td style="text-align: center;">FY23</td> <td style="text-align: center;">153</td> <td style="text-align: center;">155</td> </tr> </tbody> </table> <p>[<em>Please note that "Lk Cr" stands for Lakh Crores and "k Cr" stands for Thousand Crore</em>]<br /><br /><strong>Expense Management: An Increase in Operational Costs</strong> <br /><br />On the expense front, NSE's expenses increased from 2008 Cr in FY22 to 2608 Cr in FY23. This rise in expenses, despite the increase in business volumes, could be attributed to various factors such as expansion initiatives, technology upgrades, or regulatory costs, which need to be examined in detail.<br /><br /><strong>Profit After Tax (PAT) and Earnings Per Share (EPS)</strong> <br /><br />Due to the impressive revenue growth and not much rise in expenses, NSE's Profit After Tax (PAT) for FY23 stood at 7355 Cr, higher than the 5198 Cr reported in FY22. This increase in PAT, coupled with an increase in Earnings Per Share (EPS) from 102 in FY22 to 148 in FY23, indicates a positive trend in profitability. This is a positive sign for investors, indicating better profitability per share. <br /><br /><strong>Dividend Announcement: A Reward for Shareholders</strong> <br /><br />NSE has announced a dividend of 80 per share for FY23, almost double the 42 per share announced in FY22. This increase in dividend payout is a clear indication of the exchange's commitment to rewarding its shareholders and reflects its strong financial health. <br /><br /><strong>Valuation: NSE vs BSE</strong> <br /><br />When it comes to valuation, NSE is available at a Price to Earnings (P/E) ratio of 22x at Rs.3300 per share in the unlisted market. In comparison, BSE is available at a P/E of 35x. This lower P/E ratio for NSE suggests that it is undervalued compared to BSE, making NSE unlisted shares a potentially attractive investment opportunity. <br /><br /><strong>Conclusion</strong> <br /><br />The financial performance of NSE in FY23 paints a picture of a robust and growing business. The significant increase in revenue, coupled with a rise in expenses, and increased PAT and EPS all point towards a strong financial position. The attractive valuation of NSE unlisted shares, compared to BSE, further adds to the appeal for investors. However, as with any investment, potential investors should conduct thorough research and consider their risk tolerance before investing in NSE unlisted shares. <br /><br /><strong>FAQs <br /><br /></strong> <strong>1. How can I buy unlisted shares in NSE?</strong> <br /><br /><strong>Ans:</strong> Unlisted shares can be bought through <a href="https://unlistedzone.com/shares/nse-india-limited-unlisted-shares/">UnlistedZone's website</a> or by dropping us an email at <a href="Mailto:[email protected]">[email protected]</a>. <br /><br /><strong>2. Is it good to buy NSE unlisted shares?</strong> <br /><br /><strong>Ans:</strong> Investing in unlisted shares can offer high returns, but it also comes with risks. Investors should thoroughly research and consider their risk tolerance before investing. However, considering NSE cash generation business with monopoly status in FnO it is considered as good investment. <br /><br /><strong>3. How do I find unlisted shares?</strong> <br /><br /><strong>Ans:</strong> Unlisted shares are not traded on the regular stock exchanges. They can be found through <a href="https://unlistedzone.com/shares/">UnlistedZone's website</a>. <br /><br /><strong>4. How do I sell unlisted shares?</strong> <br /><br /><strong>Ans:</strong> Unlisted shares can be sold through the <a href="https://unlistedzone.com/shares/">UnlistedZone's website</a>. The process may take longer than selling listed shares due to the lack of a centralized marketplace. <br /><br /><a href="https://unlistedzone.com/shares/nse-india-limited-unlisted-shares/">https://unlistedzone.com/shares/nse-india-limited-unlisted-shares/</a></p>
<strong>Gross Direct Premium</strong> Q4FY23 witnessed a significant increase in gross direct premium, reaching ₹1,495.46 Cr compared to ₹1,250.77 Cr in Q3FY23. The growth trend is also reflected in the yearly figures, as the gross direct premium for FY23 reached ₹5,141.52 Cr, a substantial increase from ₹3,880.91 Cr in FY22. This indicates a healthy growth trajectory in generating premium revenue for Care Health Insurance. <strong>Net Earned Premium</strong> The net earned premium also experienced a positive trend in Q4FY23, reaching ₹1,201.59 Cr, up from ₹969.61 Cr in Q3FY23. Similarly, the net earned premium for FY23 increased to ₹3,932.04 Cr, compared to ₹2,510.84 Cr in FY22. This signifies an expansion in the company's revenue after accounting for policy cancellations, reinsurance, and other related expenses. <strong>Operating Profit</strong> Q4FY23 witnessed a substantial rise in operating profit, reaching ₹519.27 Cr, compared to ₹47.20 Cr in Q3FY23. The yearly operating profit also increased significantly, with FY23 reporting ₹643.72 Cr, up from ₹282.97 Cr in FY22. This indicates improved operational efficiency and cost management, leading to higher profitability for Care Health Insurance. <strong>Net Profit</strong> The net profit for Q4FY23 stood at ₹99.27 Cr, representing an increase from ₹56.84 Cr in Q3FY23. The yearly net profit for FY23 reached ₹245.84 Cr, a substantial improvement compared to ₹11.50 Cr in FY22. This demonstrates strong profitability and financial performance, indicating effective revenue generation and cost control measures. <strong>Total Net Worth</strong> Care Health Insurance's total net worth increased from ₹1,289.20 Cr in FY22 to ₹1,749.17 Cr in FY23. This growth in net worth reflects the company's strengthened financial position and enhanced capital base, providing a solid foundation for future operations and expansion. <strong>Earnings Per Share (EPS)</strong> Q4FY23 reported an EPS of ₹1.05, an improvement from ₹0.60 in Q3FY23. The yearly EPS for FY23 stood at ₹2.61, reflecting substantial growth compared to ₹0.13 in FY22. This indicates increased earnings available to shareholders for each outstanding share, highlighting the company's profitability and potential return on investment. Overall, Care Health Insurance has demonstrated impressive financial performance in Q4FY23 and throughout FY23. The company exhibited substantial growth in premium revenue, net profit, operating profit, and EPS. Moreover, the significant increase in total net worth signifies a strengthened financial position. These positive indicators suggest effective business strategies, robust operational performance, and enhanced market presence for Care Health Insurance. <strong>Current Valuation:</strong> <table dir="ltr" border="1" cellspacing="0" cellpadding="0"><colgroup> <col width="100" /> <col width="100" /> <col width="100" /></colgroup> <tbody> <tr> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"Particulars"}">Particulars</td> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"Care Health"}">Care Health</td> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"Star Health"}">Star Health</td> </tr> <tr> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"Share Price"}">Share Price</td> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"Rs. 150"}">Rs. 150</td> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"Rs. 590"}">Rs. 590</td> </tr> <tr> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"Shares Outstanding"}">Shares Outstanding</td> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"~94 Crores"}">~94 Crores</td> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"~58.2 Crores"}">~58.2 Crores</td> </tr> <tr> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"Mcap (Market Capitalization)"}">Mcap (Market Capitalization)</td> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"~14000 Crores"}">~14000 Crores</td> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"~34308 Crores"}">~34308 Crores</td> </tr> <tr> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"GWP (Gross Written Premium)"}">GWP (Gross Written Premium)</td> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"Rs. 5141 Crores"}">Rs. 5141 Crores</td> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"~11000 Crores"}">~11000 Crores</td> </tr> <tr> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"Mcap/GWP Ratio"}">Mcap/GWP Ratio</td> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"2.74x"}">2.74x</td> <td style="text-align: center;" data-sheets-value="{"1":2,"2":"3.11x"}">3.11x</td> </tr> </tbody> </table> Care Health still has a share price of Rs. 150 and approximately 94 Crores shares outstanding, resulting in a market capitalization of approximately 14,000 Crores. The Gross Written Premium (GWP) for Care Health remains at Rs. 5,141 Crores. The Mcap/GWP ratio for Care Health is calculated as 2.74x. As for Star Health, the share price is available at as Rs. 590 per share as on 15.05.2023, with a total of approximately 58.2 Crores shares outstanding. This results in a market capitalization of around 34,308 Crores. The GWP for Star Health remains at approximately 11,000 Crores. The Mcap/GWP ratio for Star Health is calculated as 3.11x. Comparing these figures, Care Health still appears to be relatively more reasonably priced than Star Health, as it maintains a lower Mcap/GWP ratio (2.74x compared to 3.11x). This indicates that Care Health's market capitalization is relatively more favorable in relation to its Gross Written Premium, when compared to Star Health. https://unlistedzone.com/shares/care-health-previously-religare-health-insurance-company-limited-unlisted-shares-buy-sell-share-price/
<p>Global Investors Mark Down PharmEasy Valuation Amid Financial Struggles and Broader Tech Downturn <br /><br /><strong>1. Markdown in PharmEasy's Valuation:</strong> <br /><br />According to regulatory filings with the US Securities and Exchange Commission (SEC), API Holdings, the parent company of Mumbai-based online pharmacy PharmEasy, has seen a significant markdown in valuation by funds managed by global asset management company Janus Henderson. <br /><br /><strong>2. Significant Valuation Reduction:</strong> <br /><br />Janus Henderson, which acquired a share in PharmEasy in September 2021, has cut its stake in the company in half, resulting in an estimated valuation of roughly $2.8 billion as of December 31, 2022. <br /><br /><strong>3.</strong> Previously, Neuberger Berman, a New York-based investment management business, had decreased PharmEasy's valuation by 21% to $4.4 billion as of February 28, compared to its previous fundraise valuation. <br /><br /><strong>4. Trend in the Technology Sector:</strong> <br /><br />This is not an isolated event. Other large tech firms, such as Byju's, Swiggy, Pine Labs, and Ola, have seen their investors reduce their valuations. 5. PharmEasy, which is backed by Temasek, was valued at $5.6 billion during its most recent funding round in October 2021, when it raised almost $350 million from investors including Singapore's Amansa Capital, Blackstone-backed hedge fund ApaH Capital, and Janus Henderson. Its valuation increased significantly from $1.5 billion in April 2021 to $5.6 billion. <br /><br /><strong>6. Valuation Markdowns in the Indian Market:</strong> <br /><br />In a sluggish macroeconomic environment, the consumer Internet investment ecosystem in India has seen a series of valuation markdowns by US institutional investors, which could be attributed to a variety of factors such as layoffs, holding back on investments, and broader cost-cutting. <br /><br /><strong>7.</strong> While markdowns are now hypothetical, they may foreshadow a trend in which companies may raise capital at lower valuations in the future. <br /><br /><strong>8. Cash Flow Issues and a Postponed IPO:</strong> <br /><br />PharmEasy postponed its IPO last year and has been trying to raise new capital in the midst of a larger tech slowdown. According to an ET article, PharmEasy's cash runway has reduced to around a year based on its December burn rate, raising questions about the company's long-term viability. <br /><br /><strong>9. Financial Health of the Company:</strong> <br /><br />As of December 2022, PharmEasy has a revenue of Rs 5,200 crore and a cash burn of Rs 30 crore each month. However, the company managed to cut its cash burn in January to Rs 15 crore, demonstrating a desire to improve its financial status. Finally, the decrease in PharmEasy's valuation reflects a broader trend in the tech sector, which could be attributed to a sluggish macroeconomic climate and the company's financial issues. It could also indicate a future trend of entrepreneurs raising money at lower values. <br /><br /><a href="https://unlistedzone.com/shares/pharmeasy-share-price-unlisted-2022/">https://unlistedzone.com/shares/pharmeasy-share-price-unlisted-2022/</a></p>
In FY22, the company reported a revenue of 727 Cr, which increased to 927 Cr in FY23. Despite the increase in revenue, Bira's EBITDA margins remain negative, with a loss of 217 Cr in FY22 and a slightly reduced loss of 200 Cr in FY23. The company's gross margins, however, improved from 223 Cr in FY22 to 337 Cr in FY23. <strong>Impact of Commodity Price Inflation on Margins</strong> The commodity price inflation in material costs has been a significant factor impacting Bira's margins. However, the company was able to partially mitigate these effects through price increases. Additionally, active cost management and leveraging fixed costs have helped to improve EBITDA margins. Despite these efforts, the company still has a negative EBITDA, and there is a need for further cost optimisation and revenue growth to achieve profitability. <strong>Employee Benefit Expenses</strong> The employee benefit expenses have increased from 82 Cr in FY22 to 92 Cr in FY23 this is mainly due to expansion drive company is doing. <img class="alignnone size-full wp-image-25776" src="https://unlistedzone.com/storage/knowledge-logo/Bira-News-Flavours.jpeg.webp" alt="Bira Financial Results FY22-23 " width="1600" height="910" /> <strong>New Flavor: Grizly</strong> Despite the challenges faced by the company, Bira has continued to innovate and introduce new products. One of its latest offerings is the Grizly hard seltzer, a unique blend of local berries, seasonal fruits, spices, and herbs created by the company's expert mixologists. The Grizly hard seltzer promises to be a buzzy and bubbly experience that is sure to delight beer enthusiasts. <strong>Financial Performance of Bira Unlisted Share in Fy23</strong> <div class="table-overflow-init"> <table width="100%"> <thead> <tr> <th style="text-align: center;">Bira Results Update</th> <th style="text-align: center;">FY22</th> <th style="text-align: center;">FY23</th> </tr> </thead> <tbody> <tr> <td>Revenue</td> <td>727 Cr</td> <td>927 Cr</td> </tr> <tr> <td>Gross Margins</td> <td>223 Cr</td> <td>337 Cr</td> </tr> <tr> <td>Employee Benefit Expenses</td> <td>82 Cr</td> <td>92 Cr</td> </tr> <tr> <td>EBITDA</td> <td>-217 Cr</td> <td>-200 Cr</td> </tr> </tbody> </table> <strong>Conclusion</strong> In conclusion, Bira's latest financial results indicate that the company has made progress in increasing revenue and improving gross margins. However, there is still work to be done to achieve profitability, especially in light of rising costs, including employee benefit expenses. The introduction of new products like the Grizly hard seltzer is a positive sign of the company's commitment to innovation and growth. Bira needs to continue to focus on cost optimization and revenue growth to achieve sustainable profitability. https://unlistedzone.com/shares/bira-share-price-buy-sell-unlisted-shares/ </div>
<p>Hero Fincorp Limited, one of India's leading Non-Banking Financial Companies (NBFCs), has announced its financial results for the financial year 2022-23. The results indicate a solid recovery from the loss of INR 192 crore in the previous year, with the company reporting a net profit of INR 480 crore. Let's take a closer look at the company's FY23 results. <br /><br /><strong>Net Interest Income (NII) and Total Revenue</strong> <br /><br />Hero Fincorp reported a strong growth in its Net Interest Income (NII) for FY23, with the figure increasing by 38% YoY to INR 3,546 crore. This growth can be attributed to the company's focus on diversifying its loan portfolio, with a particular emphasis on secured lending. The company's Total Revenue also grew by a healthy 34% YoY to INR 6,448 crore. This was driven by the growth in the NII as well as an increase in the company's fee-based income. <br /><br /><strong>Provisioning and Asset Quality</strong> <br /><br />The company's provisioning decreased to INR 1,212 crore from the previous year, which is a positive sign for the company's asset quality. The company's Gross Non-Performing Assets (GNPAs) as a percentage of its total advances decreased to 5.11%, from 7.94% in the previous year. Similarly, the Net Non-Performing Assets (NNPAs) as a percentage of its total advances decreased to 2.69%, from 4.63% in the previous year. This indicates an improvement in the quality of the company's loan portfolio. <br /><br /><strong>Capital Adequacy and Return on Assets (RoA)</strong> <br /><br />Hero Fincorp's Capital Adequacy Ratio (CAR) increased to 23.2%, from 21.8% in the previous year. This indicates that the company has adequate capital to support its growth plans. Additionally, the company's Return on Assets (RoA) increased to 1.10%, from -0.5% in the previous year. This is a positive sign for the company's profitability. <br /><br /><strong>Valuation</strong> <br /><br />EPS of Hero Fin Corp in FY23 is 35 and Book value as on 31.03.2023 is 415 per share. So, at 1100 share price in unlisted market the P/E is 31x and P/B is 2.65x. <br /><br /><strong>Conclusion</strong> <br /><br />Overall, Hero Fincorp's FY23 results indicate a solid recovery from the loss of INR 192 crore in the previous year. The company's focus on diversifying its loan portfolio, with a particular emphasis on secured lending, has led to a healthy growth in its Net Interest Income (NII) and Total Revenue. Additionally, the decrease in provisioning and improvement in asset quality are positive signs for the company's future growth. <br /><br /><a href="https://unlistedzone.com/shares/hero-fincorp-limited-share-price-buy-sell-unlisted-shares-of-hero-fincorp/">https://unlistedzone.com/shares/hero-fincorp-limited-share-price-buy-sell-unlisted-shares-of-hero-fincorp/</a></p> <p> </p>
Motilal Oswal Home Finance Limited (MOHFL) has released its financial statements for the fiscal year 2022-23, highlighting an impressive growth trajectory. The company's total revenue for the year stood at ₹707 crore, a growth of 19.46% from the previous year's revenue of ₹592 crore. The company's net profit for the year was ₹136 crore, up by 43.15% from the previous year's net profit of ₹95 crore. <strong>Net Interest Income (NII) Improves Significantly</strong> One of the most significant improvements for MOHFL in the fiscal year 2022-23 was its Net Interest Income (NII), which increased to ₹312.86 crore from ₹271 crore in FY22. This impressive growth can be attributed to the company's focus on expanding its loan book and optimizing its interest rates. <strong>Total Expenses Decrease</strong> MOHFL also saw a reduction in its total expenses, which decreased from ₹408 crore to ₹356 crore. This reduction in expenses was due to the company's efforts to optimize its operations and reduce costs. As a result, MOHFL was able to improve its operating efficiency and increase its profitability. <strong>Provisioning in 2022-23</strong> MOHFL's provisioning for the fiscal year 2022-23 was ₹18.93 crore, which indicates that the company has been able to manage its non-performing assets (NPAs) effectively. This provision is significantly lower than the previous year's provision of ₹72 crore. <strong>Loan Book Increases</strong> One of the most important factors driving MOHFL's growth in the fiscal year 2022-23 was the increase in its loan book, which grew by 9% to ₹3,808 crore. This growth was achieved through the company's focus on expanding its customer base and increasing its product offerings. <strong>GNPA and Net NPA</strong> As on 31st March 2023, MOHFL's Gross Non-Performing Assets (GNPA) stood at 1.07% and Net Non-Performing Assets (Net NPA) at 0.55%. These numbers are an improvement from the previous year's GNPA of 2.48% and Net NPA of 1.54%. <strong>Book Value and Price-to-Book Ratio</strong> MOHFL's book value stands at 1.9, giving the company a price-to-book (P/B) ratio of 5.13x. This suggests that the company may be overvalued, and investors should exercise caution before investing in the company's shares. <strong>Conclusion</strong> MOHFL has reported an impressive growth trajectory in the fiscal year 2022-23, driven by a significant improvement in its Net Interest Income and a reduction in its total expenses. The company's focus on expanding its loan book and optimizing its operations has resulted in increased profitability and improved asset quality. However, investors should exercise caution due to the company's high price-to-book ratio https://unlistedzone.com/shares/buy-sell-share-price-aspire-home-finance-corporation-unlisted-shares/
<p>In an internal employee town hall on Thursday, OYO shared some exciting news with its staff: the company has turned cash flow positive in the fourth quarter of the financial year 2023. Here's what you need to know about OYO's latest developments and its plan to repay its debt using IPO proceeds. <br /><br /><strong>Positive Cash Flow in Q4 of FY23</strong> <br /><br />According to an internal presentation, OYO ended the fourth quarter with a surplus cash flow of Rs 90 crore. Sources close to the company say that this positive trend is expected to continue into the first quarter of financial year 2024. <br /><br /><strong>Increase in bookings across key geographies</strong> <br /><br />OYO attributes its positive cash flow to an increase in bookings across all key geographies. The Europe home business, in particular, is seeing a surge in advance bookings for both the upcoming peak summer season as well as the relatively off-season period from November to March. <br /><br /><strong>Refiled Draft Red Herring Prospectus (DRHP)<br /><br /></strong> In March, OYO refiled its Draft Red Herring Prospectus (DRHP) with the stock market regulator SEBI under the pre-filing route. People close to the company have said that the issue size has likely been reduced to $400-600 million, consisting entirely of freshly issued shares with all the proceeds going to the company. <br /><br /><strong>Repaying Debt with IPO Proceeds</strong> <br /><br />OYO plans to use the proceeds from its IPO to repay most of its debt. The company's cash corpus on the balance sheet is currently Rs 2700 crore. <br /><br /><strong>Founder's Optimistic Projections</strong> <br /><br />During a town hall meeting last month, OYO founder Ritesh Agarwal projected that the company could post adjusted earnings of nearly Rs 800 crore before interest, tax, depreciation, and amortization in the upcoming financial year 2024. He also shared that the company was taking measures to keep a "healthy" cash runaway and was continuing to operate in a "cost-effective" way. <br /><br /><strong>Expected Revenue for FY23</strong> <br /><br />OYO's revenue for financial year 2023 is expected to be more than Rs 5,700 crore, up 19% from the Rs 4,780 crore it posted in financial year 2022. <br /><br /><strong>Investing in OYO Unlisted Shares</strong> <br /><br />With OYO's positive cash flow and plans to use the IPO to repay debt, investors may be considering buying OYO's unlisted shares. However, it's important to do your own research and consult with a financial advisor before making any investment decisions, as unlisted shares are very risky.</p>
Reliance Retail has announced its financial results for FY23. In FY23, as per the results, the Company clocked the total revenue of 2,60,364 crore as against Rs. 1,99,704 crore with 30% YoY growth. The net revenue of the Company increased 32% to Rs. 2,30,931 crore as against Rs. 1,74,980 crore in the previous financial year. EBITDA from operations registered record growth of 61% to Rs. 17,609 crore as against Rs. 10,932 crore in the previous financial year. In FY23, the Profit After Tax of the Company increased 30% to Rs. 9,181 crore as against Rs. 7055 crore in the previous financial year. <strong>Performance Highlights –</strong> <strong>Consumer Electronics</strong> <strong>1.</strong> The Consumer Electronics sector, excluding Devices, achieved an exceptional YoY growth of 37%, while the Devices category experienced a slower rate of growth. <strong>2.</strong> During the Republic Day sales period, the company witnessed its best-ever sales period with a 35% YoY growth rate, primarily fueled by attractive financing schemes and offers. <strong>3.</strong> Across various categories, the company observed steady growth, and they strategically leveraged the Pre-IPL sales period to drive sales of TVs through targeted promotions. <strong>4.</strong> The resQ division, which focuses on providing services, reported robust growth, primarily driven by the expansion of service plans and categories, and they also increased the number of service centers by over 200. <strong>5.</strong> The company's own brands and PBG sales grew twice as fast as the industry average, and the merchant base expanded by a remarkable 80% YoY. <strong>6.</strong> The JMD achieved remarkable YoY growth of 5.5X, primarily driven by sales of phones and large appliances, and the merchant base expanded threefold YoY. <strong>Fashion and Lifestyle</strong> The company has reported a strong performance in its offline business, which continues to gain momentum. This growth is attributed to the higher average bill value and better conversion rates. The company has seen broad-based growth across categories, with men's formals, women's ethnic wear, and kids wear leading the way. The company has executed marketing events well, targeting the wedding season and festivals, and sponsored Femina Miss India. They have also launched new formats like GAP and Portico standalone stores to serve diverse customer segments. Ajio reported another strong quarter, with improvements across all operational metrics. The focus is on improving the customer experience by growing the product catalogue, which now has over 13 lakh live options. Partner Brands are leading the premium and luxury segment, with the widest portfolio, and revenue has increased by 35 percent year on year. The company has also strengthened its food and beverage portfolio with exclusive partnerships with EL&N café. They have entered into a joint venture with Circle E Retail to vertically integrate their toy business. In the Jewels segment, the company has capitalized on festivals and wedding seasons through impactful events and promotions to drive sales. Tier 2 and beyond towns are driving growth momentum, and there is a continued focus on strengthening the product offering. The company has launched new collections like Diamond Delight Lite and Valentine's Day collection. Urban Ladder is expanding their store network to provide customers with an omnichannel experience. The company's Republic Day and Color Crush Sales drove higher traffic, and they have enhanced the customer experience by offering a wider product range with a catalogue that has doubled year on year. <strong>Jio Mart</strong> Jio Mart, the online grocery platform, reported its best-ever quarter, with significant growth across all operational metrics. The platform is also expanding its catalogue and seller base, with a 34% increase in options and a 56% increase in sellers. Additionally, Jio Mart is diversifying into non-grocery categories by bringing brands like Trends, Hamleys, and Urban Ladder onto its platform. <strong>Pharma</strong> In the pharmaceutical sector, revenue rose by 51%, driven by offline network expansion and the launch of standalone stores offering pharma and wellness products. The company is leveraging its omnichannel capabilities to serve customers, and successful marketing events are driving customer engagement and traffic. Moreover, the new commerce segment is growing rapidly, with operations now expanded to more than 2,600 cities.
<p>HDFC Securities Limited (HSL), a leading retail broking firm and a subsidiary of HDFC Bank, has recently disclosed its financial results for the fiscal year ending March 31, 2023. Despite the various market challenges, HDFC Securities has managed to navigate the turbulent financial waters with considerable resilience.</p> <p>For the quarter ending March 31, 2023, HDFC Securities reported a total revenue of Rs. 486.1 crore. This figure represents a slight decline from the Rs. 509.7 crore revenue achieved in the same quarter of the previous year. Additionally, the profit after tax for this quarter stood at Rs. 193.8 crore, a decrease compared to Rs. 235.6 crore in the corresponding quarter of the previous year.</p> <p>The annual performance of HDFC Securities also reflected a similar trend. The company's total income for the year ended March 31, 2023, was recorded at Rs. 1,891.6 crore, showing a decrease from Rs. 1,990.3 crore in the prior year. Furthermore, the net profit for the year was reported at Rs. 777.2 crore, down from Rs. 984.3 crore for the fiscal year ending March 31, 2022.</p> <p>Despite these financial headwinds, HDFC Securities has maintained a strong physical presence across India. As of March 31, 2023, the company boasts a network of 209 branches located in 147 cities and towns, ensuring a wide-reaching service delivery. HDFC Securities continues to offer a diverse array of financial products and services, ranging from equity trading to mutual funds and insurance, catering to the varied needs of its clientele.</p> <p>This financial year's performance of HDFC Securities highlights the firm's enduring commitment to serving its customers, despite the challenging economic landscape. While the slight downturn in revenue and profit indicates the impact of market volatility, the firm's extensive branch network and diverse service offerings position it well for future growth and stability in the dynamic world of financial services</p> <p><br /><a href="https://unlistedzone.com/shares/hdfc-securities-limited-share-price-buy-sell-hdfc-securities-unlisted-shares/">https://unlistedzone.com/shares/hdfc-securities-limited-share-price-buy-sell-hdfc-securities-unlisted-shares/ </a><br /><br /><em>Note: Check the Latest <span style="font-weight: 400;">HDFC Securities Limited</span> <a href="https://unlistedzone.com/shares/">Unlisted Shares Price</a> at UnlisteZone <a href="https://play.google.com/store/apps/details?id=com.unlistedzone.android&pli=1">Android</a> or <a href="https://apps.apple.com/in/app/unlistedzone/id1640469608">iOS</a> Mobile App.</em></p>
<p><span style="font-weight: 400;">HDB Financial Services Limited (HDBFSL) is a non-banking finance company (NBFC) that offers a wide range of loans and asset finance products to individuals, emerging businesses, and micro-enterprises. As on March 31, 2023, </span> <span style="font-weight: 400;">HDFC Bank has a significant 94.8% stake in HDBFSL.</span> <br /><br /><span style="font-weight: 400;">The company's net revenue for the quarter ended March 31, 2023, was recorded at Rs. 2282.5 crore, a growth of 5.7% from the same quarter in the previous year. Similarly, the profit after tax for the same quarter in the current year was Rs. 545.5 crore, an increase of 27.7% over the previous year's same quarter.</span> <br /><br /><span style="font-weight: 400;">For the year ended March 31, 2023, the company's net revenue grew by 11.4% to Rs. 8,891.0 crore, compared to Rs. 7,980.8 crore in the previous year. The company's profit after tax for the year ended March 31, 2023, was recorded at Rs. 1,959.4 crore, a significant increase of 93.7% from the previous year's profit of Rs. 1,011.4 crore.</span> <br /><br /><span style="font-weight: 400;">The company's total loan book was Rs. 70,031 crore as of March 31, 2023. The stage 3 loans were at 2.73% of gross loans, indicating the company's ability to maintain high asset quality. Additionally, as of March 31, 2023, the total CAR was recorded at 20.1%, with Tier-1 CAR at 15.9%, which highlights the company's robust financial position.</span> <br /><br /><span style="font-weight: 400;">HDBFSL has a strong and wide presence with 1,492 branches spread across 1,054 cities/towns as of March 31, 2023. This wide network has enabled the company to serve its diverse customer base with its specialized loan and asset finance products.</span> <br /><br /><a href="https://unlistedzone.com/shares/buy-sell-hdb-financial-services-unlisted-shares-hdb-finance-share-price/">https://unlistedzone.com/shares/buy-sell-hdb-financial-services-unlisted-shares-hdb-finance-share-price/</a></p> <p><em>Note: Check the Latest HDB Financial Services <a href="https://unlistedzone.com/shares/">Unlisted Shares Price</a> at UnlisteZone <a href="https://play.google.com/store/apps/details?id=com.unlistedzone.android&pli=1">Android</a> or <a href="https://apps.apple.com/in/app/unlistedzone/id1640469608">iOS</a> Mobile App.</em></p>
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