In today’s briefing:
- The “What’s Left In India” Screen: 80 Stocks with High ROEs and Relatively Lower PEs
- Belstar Microfinance Pre-IPO – Accelerating Profitability Growth With A Diversified Network
The “What’s Left In India” Screen: 80 Stocks with High ROEs and Relatively Lower PEs
- India has become one of the most expensive markets globally, trading at a PE of close to 28. Quality stocks now trade consistently around 50-90x PEs.
- We have screened 80 names (market cap agnostic) that trade at PEs between 5 and 45, with an average PE of 20 and an average ROEs of 26%.
- We treat this only as a filter and aim to do due diligence on all these stocks over the next few months.
Belstar Microfinance Pre-IPO – Accelerating Profitability Growth With A Diversified Network
- Belstar Microfinance Ltd (3624918Z IN) is looking to raise around US$156m in its upcoming India IPO.
- Belstar Microfinance is a non-banking finance company (NBFC) in India with a focus on furnishing micro-enterprise loans.
- In this note, we talk about the company’s historical performance.
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