BIG BREAKING NEWS

TOURISM FINANCE CORPN (TFCI)

TFCI is only NBFC engaged in finance exclusively for Hotel, Restaurant, entertainment, Tourism industry in India

IFCI promoter co holds 34% stake:

IFCI.                34%

LIC.                    7%

DIIs.                   4%

Public.              55%

*IFCI has decided to divest it's Entire 34% stake thru eAuction*

TFCI is cheapest NBFC considering the following:

C.A.R.                 37.82%

Book Value.     Rs 75

Equity               80.71cr

FY17EPAT.       80cr (conservative estimate)

Dividend.record.  18-20%

Borrowing Cost     8%

Yield.                   13.83%

NIM.                     5.83%

Establishment Cost 3.5% of Gross Revenue

_Only 30 empkoyees_ 6.70 cr salary bill on Revenue of 185cr

As per accepted norms, NBFC valuation (conservative) is *2xBook or 12xEPS*

TFCI valuations come:

BOOK VALUE (75)X2=Rs 150

EPS (20)x12= Rs 120

*Average of both= Rs 135*

_Big Financial Services companies like Edelweiss, Financial arm of Sun Pharma promoter, Spore based FII, IIFL , IBull group in fray for bidding_

Announcement from IFCI today evening

eAuction can materialize in April 2017

MINIMUM Rs 120 can be in eAuction as 25 year old co which will rerated with private sector entrepreneur as promoter

Stock can be 250 in 2 years

Buy NOW