Multibagger Alert: Shares of Ugro Capital double in less than 5 months!
In recent times, the company has become one of the prime players in the MSME financing sector, advancing towards the vision of achieving a 1 per cent market share of outstanding MSME credit in India and serving 1 million customers by 2025.
Shares of Ugro Capital have soared high like an eagle to a 52-week high of Rs 230.35 on January 17, 2022, from a 52-week low of Rs 108.55 in August 2021. Currently, the stock is trading at Rs 198.30 on NSE.
Below are the additional details on the stock’s performance on a quarterly basis.
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Data Source
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BSE
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BSE
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NSE + BSE
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BSE
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Particulars
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Market Cap as on Date
(Rs Cr)
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Average Market Cap
(Rs Cr)
|
Average Volume
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Beta
|
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31-Dec-21
|
1,379.2
|
1,238.6
|
3,58,870
|
-0.09x
|
|
30-Sep-21
|
905.6
|
843.9
|
98,540
|
0.10x
|
|
30-Jun-21
|
883.4
|
799.9
|
28,503
|
0.72x
|
|
31-Mar-21
|
851.6
|
820.6
|
6,955
|
0.38x
|
|
31-Dec-20
|
867.1
|
679.7
|
7,185
|
0.67x
|
Ugro Capital’s operations commenced by acquiring control of a listed NBFC called Chokhani Securities Limited in 2018 and rebranding it to the current name. The company simultaneously raised capital of Rs 950 crore under the leadership of Shachindra Nath, Executive Chairman and Managing Director.
This is believed to be one of the largest institutional capital raising initiatives for an NBFC. In recent times, the company has become one of the prime players in the MSME financing sector, advancing towards the vision of achieving a 1 per cent market share of outstanding MSME credit in India and serving 1 million customers by 2025.
The above market results are backed by the company’s strong fundamentals, details of the growth are listed below (as of December 31, 2021):
- Rise in AUM: Rs 2,589 crore following a growth of 2.3 times in the last 12 months and a growth of 97 per cent since March 2021 and plans to achieve over Rs 20,000 crore of AUM by 2025.
- Disbursements: Recorded highest overall disbursements at Rs 414 crore (up 192 per cent since December 20 and 111 per cent since March 21).
- Leading the future trend with 20 plus co-lending collaborations: Partnered with SBI, Bank of Baroda, Central Bank of India, IDBI Bank, Kinara Capital, among others.
- Branch network: Branch network expands to 82 compared to 55 in last quarter; intends to expand to 270 branches by FY25.
- Customer base crossed 16,500 mark.
- Diversified lender base to 50.
- Vision to become the country’s leading LaaS (lending as a service platform).
Keep a close eye on this stock for more action!