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Tuesday, 6 September 2016

Awesome Q1 Tourism Fin Corpn Ltd:

Q1FY17 PAT 20.15 vs 3.25 Q4FY16, rising BY 520%

Q1FY17 PAT 20.15cr vs 16.45cr Q1FY16, rising 22%

NII 53.95cr vs Q4FY16 36.49cr, rising 47%

NII 53.95cr vs Q1FY16 46.97cr, rising 15%

Annualised Eps  Rs 10

Cmp 0.70xBValue, lowest in NBFC industry. Scope for huge expansion

TFCI has stopped funding to Real Estate and Equity.

Even if TFCI gets modest PERatio of 12, based upon current year earning, stock should be 120 in 6-9 months.

Some big development taking place. Stock can be 300+ in 2018. Undersigned had recommended Canfin @ 110 in 2013

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