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| Principle About The Opportunity: - Rating: AA - CRISIL
- Tenure: 6 Years
- Pre Tax IRR: 10.30%
- Interest Payout: Monthly
- Principle Payout: Maturity
About the company -
Muthoot
Fincorp Limited (MFL), set up in 1997, is a non-deposit-taking,
systemically-important NBFC, engaged in lending against gold jewellery. -
Flagship company of the Muthoot Pappachan Group, which has interests such as hospitality, real estate, and power generation. -
MFL is largely a promoter driven company, jointly managed by Mr. Thomas John Muthoot and his brothers. -
MFL
has a well-established market position in the gold loan segment with a
strong network of over 3657 branches across India. MFL is the third
largest gold loan NBFC. How safe is this issue? - 97% Loan Book is gold loans:
Assets under management (AUM) stood at Rs 18,685 crore as on March 31,
2022 (Gold loan AUM stood at 18,124 crore ~ 97% of the book)
- Highly Liquid: As per Asset Liability Management (ALM) statement of March 31, 2022, MFL has cumulative positive gaps in the upto 5 year bucket
- Widespread Branch Network: Strong Presence in South India As of March 31, 2022, MFL had 3,657 branches located across 24 states
- Adequate Capitalization: During
the FY 2022, MFL has issued Preference shares worth Rs.150 Crs and
additional Perpetual Debt Instruments worth Rs.135 Crs. CAR has improved
to 19.43% as 31st March 2022
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| About The Opportunity: High
Return,asset backed and regular monthly income investment of 24 months
payable monthly (from 3rd Jan, 2023) with IRR of ~14.53% p.a. - Tenure: 24 Months
- Total Issue Size: 5 Crore
- Pre Tax IRR: 14.53%
- Interest Payout: Monthly
- Principle Payout: Monthly
About the company: - Everest
Fleet is the largest & only fleet owner with 1000+ cars on Uber
platform and therefore strategically important to Uber’s expansion plan
in India
- 5 years of experience with predictable revenues
- Asset light model with low leverage providing financial flexibility to expand rapidly
- Demand outstrips supply - Every car added to the Uber platform is operationally profitable in a steady state environment
Why to Invest: - Working with both Uber (80%) and Ola (20%)
- Continuous growth of the fleet size, touched 2X - 1800+ cars in the last quarter. Targeted to cross 5000+ cars by December 2022
- Revenue for November at inr 10 crs with 20% + EBITDA margins. Expect to close fy 22 at inr 100 crs of revenue.
- Strong balance sheet with networth at inr 10 crs against with net debt to a negligible level of inr 1.5 crs
- Generating cash profit consistently for last four months.
- Present across 4 locations - Mumbai, Delhi, Hyderabad & Bangalore. Will expand to Chennai and Kolkata by the end of 2022.
Safety Aspects of the Investment: - The asset being leased is Maruti S-Presso Cars (CNG variant) whose on-road cost is Rs. 5,25,000/- including insurance
- Total cars to be procured by SPV are 100
- Hence, total opportunity size is Rs. 5.25 Cr
- 4%
as security deposit is adjusted in the acquisition cost of the cars,
this means that you invest only 96% of the acquisition cost to earn
returns on 100% of the cost.
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Blog Comments
Blog Caution
Two Way Quotes ( i.e simultaneous Buying / Selling Rates ) given by Dealers may be Incorrect.
Investors, please, Recheck from Independent
Please , also , read
http://www.rareindianshares.info/2017/09/dealers-two-way-quotes-can-be.html
Dealers of Unlisted / Delisted Shares
Please click the link For Many Dealers' Contact List
http://www.rareindianshares.info/2021/05/dhruval-shah-selling-metropolitan-stock.html
Dealers of Rare Indian Shares
Sambhav Aggarwal
Arms Securities
Tel : +919899131155
MANISH
9958006642
3A CAPITAL SERVICES
NILESH KOTAK
08866004076 - Whatsapp also
InvestorZone ,232/12, New Kot Gaon, Ghaziabad, ,Dinesh Gupta, Partner
DHARAWAT
08108303330 or dharawat1@gmail.com
SANDIP GINODIA
9830271248
OPPOSITE HIND CINEMA, NEAR AXIS BANK
73a, GANESH CH AVENUE, 2ND FLOOR, KOLKATA-700013
Vipul Gandhi
Gandhi Associates
25, New Jagnath, Saptabhumi Apt., (GF)
Rajkot-360001
Phone : + 91 - 281 324 6757 / 329 6757
.
Dilip Surana
Strides Financial Services
"Arihant Plaza"
84-85,Wall Tax Road, Ist floor
Park Town, Above SBI
CHENNAI 600003
Phone No 044-25350312, 25350313
Fax No 044-42371148
Mobile 9840278351 95000 95121
dilipmsurana@gmail.com
IP Gupta M.Sc,MBA,( Faridabad ) ,also consultants for problematic transfer cases - m- 9971104447
Important Blog Request
Because of technical reasons we are unable to our full list of Dealers.
Please do click on this link for our full list
List
.Please Must the link For Many Dealers' Contact List
http://www.rareindianshares.info/2021/05/dhruval-shah-selling-metropolitan-stock.html
Three Additions To The Previous List
1. Tarun Jain ,+91-9716719433 ,+91-9968510065
tarun90.jain@gmail.com
2. www.altinven.com
3 https://blog.unlistedkart.com/
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