Shriram City Union Finance Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 10584.90 Crore) operating in NBFC sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1599.64 Crore, up 1.86 % from last quarter Total Income of Rs 1570.41 Crore and up 3.35 % from last year same quarter Total Income of Rs 1547.74 Crore. Company reported net profit after tax of Rs 298.28 Crore in latest quarter.
Investment Rationale
The brokerage upgrades SCUF to Buy from Hold as the Q4FY21 performance justifies that its struggle for liquidity is finally over. Diversification in the lending profile (SME, PL, 2W, gold loans, Housing and LAP) and improving asset quality profile indicate likely earnings surprises in future.
Promoter/FII Holdings
Promoters held 34.6 per cent stake in the company , FIIs held 28.5 per cent, DIIs 3.4 per cent and public and others 33.4 per cent.
