By Aditya Raghunath
Investing.com -- A below-the-radar small-cap NBFC (non-banking financial company) Dhanvarsha Finvest Ltd (BO: DANV ), has seen its share price go up over 657% since August 2020. The stock, which was trading at Rs 107.1 on August 21 closed June 23 at Rs 811.35.
The company has got marquee investors to buy in to it. Foreign fund Nomura Singapore Pte bought a 1.04% stake or 150,000 shares in Dhanvarsha Finvest on January 8, at Rs 411 a share through a bulk deal on the BSE. On April 16, Dhanvarsha announced a capital infusion of Rs 65.83 crore led by Aviator Emerging Market Fund (AEMF) which includes a marque list of international investors such as Porter Collins and Vincent Daniel.
Aviator EMF is a Securities and Exchange Board of India (SEBI) registered FPI investor with a special interest in NBFCs and microlenders. Farhana Ali Mohamed, Director at Aviator EMF said, “Our investment into Dhanvarsha is predicated on its strong origination and collections engine in the MSME space coupled with a best-in-class management team. Dhanvarsha’ s strong and unlevered balance sheet and highly granular loan book offers an attractive level of risk-adjusted returns.”
For FY21, net profit declined 83.41% to Rs 0.68 crore compared to Rs 4.10 crore during FY20. Sales increased 25.39% to Rs 23.95 crore for FY21 compared to Rs 19.10 crore in FY20.
An investment of Rs 10,000 in the stock on August 21, 2020 would be worth Rs 75,756 today.
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