Indias 5th richest person - Cyrus Poonawalla owns this publicly listed NBFC
This NBFC stock has generated a 16 per cent CAGR return for its shareholders over the last ten years.
Cyrus Poonawalla is ranked 71st globally and fifth in India on Forbes' list of the world's wealthiest people. As of August 2, his net worth was Rs 1,64,886 crore.The Indian government has honoured him with prestigious awards like the Padma Shri and Padma Bhushan.
He founded the Serum Institute of India, which is the largest vaccine manufacturer in the world (in terms of doses). Around 1.5 billion doses of various vaccinations, such as those for the flu, polio, and measles, are produced by serum each year.
Cyrus is the Chairman and Managing Director of the Cyrus Poonawalla Group. The group, which has its headquarters in Pune, has business interests in a variety of industries, including pharmaceuticals and biotechnology, finance, clean energy, hospitality and real estate, and aviation.
Poonawalla Fincorp Ltd is the only publicly traded company in the group. It is a non-banking finance company (NBFC) that focuses on consumer and micro, small, and medium-sized enterprise (MSME) financing. The company is a member of the BSE group 'A' and has a market capitalization of Rs 21,843 crore.
Speaking about the recent Q1 result, the company's asset under management (AUM) stood at Rs 17660 crore, up 22 per cent YOY and 7 per cent QOQ. The disbursement figure for Q1 FY23 remains strong at Rs 3436 crore, up 98 per cent YOY and 3 per cent QOQ. In Q1 FY23, the average cost of borrowing fell by 2.64 percent compared to Q1 FY22.
The business is managed well, and management has a long-term goal of becoming one of India's top three NBFCs in consumer and MSME lending.
In terms of share ownership, promoters own around 61.49 per cent, FIIs and DIIs jointly possess 13.07 per cent, and non-institutional investors own the remaining 25.43 per cent.
Over the past ten years, this NBFC stock has generated a 16 per cent CAGR return for its shareholders. The 52-week high and low for the stock are each Rs 343.75 and Rs 141, respectively.