Ceejay Finance Ltd – A Value Pick at 40 Cr Market Cap (250 CR Market Cap in the making)

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Oct 24, 2017, 2:12:12 PM10/24/17

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Ceejay Finance Ltd – A Value Pick at 40 Cr Market Cap (250 CR Market Cap in the making)

Ceejay Finance Ltd (CFL), a 25 year old company based out of Nadiad, Gujarat is engaged in Financing loans

for 2 Wheeler, 3 Wheeler, 4 Wheeler, Commercial Vehicle, SME Loan, Housing Loan, Loan against Property

and Micro Finance Lending, Personal Loan & Insurance Business.

CFL is having asset under management of over 500 Cr and has already served more than a million clients so far.

At CMP of 115, the stock is trading at 7.7 times FY 17 EPS of 14.89 and 6.3 times FY 18 EPS of 18+

ROE and RoCE stands at an attractive 14.54% and 25.35% and likely to improve going forward.

Debt to Equity is less than 1, i.e just 0.77

Company is paying dividend for the last 10 years.

Sangeetha S, Rita Khanna, Sancheti Family and Ashok Kumar Jain are among Top 10 shareholders.