6 Comments
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Divy Jain's avatar

How are they different from MAS financial services ? The collection efficiency nos, negligible provisioning don't bother you ?

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Dhruva Pandey's avatar

Yes, it's a startup type investment.

I would not put more than 3-4℅

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Chanchal Kumar's avatar

How are you looking at this business now.They have no where price wise for last 3 years.The aum stand at 11000 cr now.There has been a general neglect for the entire sector for some time.Their ROCE and Roe expansion cycle may coincide with the sector coming in fancy.Doesn't seem much downside at this price

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Dhruva Pandey's avatar

I think price corrected a bit due to Rs 500 Cr of warrants conversion, so it will be trading at book value at Rs 170 or something ( i have to do some calculations this maybe incorrect).

I like SBFC finance more than U-Grow from quality of management prospective and business model.

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RM's avatar

Hi Dhruv...Great & Detailed write up on Ugro....Can you highlight which platform or website can be used to see real time rates of Ugro Bonds

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Dhruva Pandey's avatar

I used Kite (Zerodha) to track it, you can check exchange websites also and there are several other websites like Indmoney etc.

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