IndoStar Capital Finance: Revenue may grow 40% annually during FY18-20

The stock of IndoStar Capital Finance, a non-banking finance company (NBFC), has lost 13 per cent since its listing last month as the market is worried that rising interest rates will affect margins of NBFCs, which typically borrow from banks and through instruments like debentures. This, along with subdued market sentiment, has pulled down IndoStar’s valuation (1.3 times of its FY20 estimated book value) to a level where it is now among the cheapest NBFC stocks. While there are reasons for this, analysts believe the equation will turn favourable, given the changing business mix, good ma.....

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