The improving liability profile along with a healthy capital position and the secured diversified asset book gives Equitas SFB an edge albeit the COVID-19 disruption.
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Decent revival post weak Q1 due to Covid Third wave a new challenge but likely to be short-lived Brace for high near-term credit cost Diversified secured asset book could limit the pain Deposits growth healthy, CASA traction meaningful A long-term survivor, weak phase an opportunity COVID-19 has been particularly harsh on the informal sector, and hence all the bottom-of-the-pyramid lenders have been badly affected. Now with the third wave spreading like wildfire, lenders are staring at near-term uncertainties once again. It is precisely in such…
