http://www.livemint.com/Money/zSjjDl6ochM26Y810uStPN/Bad-loans-may-rise-for-Shriram-Transport-Finance.html
The construction equipment business’s 150-day non-performing assets have increased to Rs.1,100 crore fromRs.1,000 crore. While the management expects improvements in the next few quarters as monthly collections remain stable at around Rs.100 crore, there could be a 60% write off in the commercial equipment portfolio, leading to a loss ofRs.400 crore. This is 4% of Shriram’s consolidated net worth, according to a Nomura Global Markets Research note dated 29 October.
The Shriram Transport Finance stock is trading at around twice price-to-book for FY16
The construction equipment business’s 150-day non-performing assets have increased to Rs.1,100 crore fromRs.1,000 crore. While the management expects improvements in the next few quarters as monthly collections remain stable at around Rs.100 crore, there could be a 60% write off in the commercial equipment portfolio, leading to a loss ofRs.400 crore. This is 4% of Shriram’s consolidated net worth, according to a Nomura Global Markets Research note dated 29 October.
The Shriram Transport Finance stock is trading at around twice price-to-book for FY16
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