CV financiers: Favourable valuations, but unpredictable fundamentals

The management of Mahindra & Mahindra Financial Services (M&M Finance) and Shriram Transport last week communicated about an improvement in collection and also gave an idea of how loans could be restructured with customers. The process, though, is at a nascent stage. Analysts at Prabhudas Lilladher indicate that collection efficiencies have rebounded to 80 per cent in September, against 65 per cent last month. Consequently, there is a 15 per cent month-on-month improvement in disbursements as well, though 70 per cent of these disbursements are largely towards existing customers. Fresh lo.....

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