Other than SE Investment and Capital Trust , ARMAN FINANCIAL SERVICES is the third player from this space.This Ahmedabad based company having two divisions -Loans and Microfinance.This company is chaired by Mr . C R Shah (Former MD of Ahmedabad Electricity Co.) and managed by Mr.Jayendra B Patel.Last year company decided to concentrate in Micro finance and planning to expand its operations.Company has posted a turnover of Rs.5.53 Cr and and an EPS of Rs.2/-in last financial year. For the last ten years company never posted any loss .Raising sufficient funds and proper analysis of the re-payment capacity of customer are the two key pillars of success in micro finance business.Promoters having reasonable experience in selling loan based product is a point to note.Only ,very high risk takers can BUY in limited quantity ,till promoters prove themselves in new business.Currently it is trading at Rs.21/- with a P/E multiple around 10.
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ReplyDeleteARMAN FINANCIAL bse code 531179 seems better choice than Capital Trust.Atleast Arman Financial they have never gone into loss since past many years.I feel recent foray into MFI will bring the company into greater dimension and forthcomming higher NP, thereby, entering into different league like SE Investment.One can steal the opportunity at lower prices and have patience.Management is good and proven.It will go miles after miles.
SHIRPUR GOLD 512289 CODE
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Words nahi hai Thareef karne ke liye, hamara great guru sharma ji, kya bole ga Sacchi Niklega. great. great. great..
he told only one thing. 100 shares of shirpur in comming years is equivalent to one Mercedes Benz.
It is true. Shirpur is going to Rock.. Hold it. dont sell it. Its goldmine....
Respected sir,
ReplyDeleteCan we get into Arman Financial Services at current level? Concerned about decrease in Promoters stake in last quarter..
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