How Much Will Ujjivan’s Stock
How Much Will Ujjivan’s Stock : After reading this article, you’ll know exactly how much Ujjivan Small Finance’s stock will be worth over the next 5 years. The five-year forecast takes into account all historical growth data, sales and earnings trends, economic projections, past performance trends, and changes in financial projections that affect Ujjivan Small Finance’s stock price.
The report outlines reasons to buy or sell Ujjivan Small Finance, and estimates whether or not the stock will be valuable over the next few years. Don’t waste time when you have the opportunity to become wealthy!
1) Financial Information(Ujjivan’s Stock)
Currently, Ujjivan Small Finance carries a Zacks Rank #3 (Hold). Investors interested in building a position in shares of Ujjivan Small Finance should look at our free research report on UJJIVAN SMALL FINANCE to decide if it’s a good time to buy.
The company has a market cap of `1,279 million and an enterprise value of `1,043 million. Its estimated earnings for 2018 are $77.26 million according to our estimates.
2) Mission & Vision
Ujjivan Financial Services Limited is a joint venture between the US-based Unitus Corporation and MicroVest, with support from Unitus Equity Fund. Founded in 2010, Ujjivan has grown its assets to over ₹3300 crore.
The company offers small loans up to ₹50,000 as well as working capital finance to MSMEs across India.
In its report, IIFL Markets said that other lenders including Bandhan Bank, DCB Bank and Yes Bank offer similar products to Ujjivan. However, they have a higher cost of funds (CoF) of 13-15 per cent compared with 6-7 per cent of MSME loans by Ujjivan, it added.
CoF is calculated on monthly interest rate spread between yield on advances/deposits or cost of deposits and that on investments.
4) Forecasts to Act on
In June 2017, brokerage firm ICICI Securities lowered its price target for Ujjivan Small Finance to Rs 115-118 per share from Rs 120-125 per share. Other brokerage firms that cover Ujjivan Small Finance include IIFL Holdings, Antique Stockbroking, Chokshi Capital Markets, Motilal Oswal Securities and Kotak Securities.
For a long term investment horizon such as five years or more, it makes sense to invest your money after considering opinion of all brokers who are following these shares.
5) The Future Looks Promising
On Wednesday, March 21, 2018, Forbes released its list of India’s Best Mid-Cap Companies for 2018. Its pick for No. 1 mid-cap company was none other than Kolkata-based microlender Ujjivan Financial Services (UFS).
The company secured first place on Forbes’ annual list with a five-year growth potential of 91%. Read on to find out how this solid microlender plans to reward shareholders by 2022 and why it has set itself apart from its peers.