Categories
Finance

Top 10 Best P2P Lending Platforms in India for 2024

P2P Lending

Peer-to-peer (P2P) lending has emerged as a popular alternative investment and lending option in India, providing individuals with opportunities to lend and borrow money without the involvement of traditional financial institutions. As the financial landscape is evolving, P2P lending platforms are playing a vital role in facilitating lending and borrowing transactions. In this article, we will explore the top 10 P2P lending platforms in India for the year 2024, highlighting their features, benefits and why they stand out in the market.

1. LendenClub

LendClub is a pioneer in the Indian P2P lending landscape, providing a seamless platform for borrowers and lenders to connect and transact securely. With LendClub, borrowers get access to quick and hassle-free personal loans, while investors get the opportunity to earn attractive returns on their investments. The platform uses advanced algorithms and data analytics to accurately assess the creditworthiness of the borrower, ensuring fair loan terms and minimal default risk. LendClub prioritizes user satisfaction and transparency, providing borrowers and lenders with real-time updates on loan status and investment performance. With its user-friendly interface and commitment to financial inclusion, LendClub is revolutionizing the lending experience in India.

2. India P2P Lending

India P2P is a trusted name in the P2P lending industry, providing borrowers and investors a reliable platform to meet their financial needs. The platform differentiates itself through its rigorous verification processes and comprehensive risk assessment techniques, ensuring the security of transactions and the protection of user interests. Bharat P2P facilitates transparent lending and borrowing transactions, allowing users to access funds or invest with confidence. With its commitment towards regulatory compliance and customer satisfaction, India P2P remains a preferred choice for individuals seeking efficient and ethical P2P lending solutions.

3. Faircent

Faircent is India’s largest P2P lending platform, catering to the diverse financial needs of borrowers and investors across the country. The platform offers a wide range of loan products including personal loans, business loans and education loans with flexible terms and competitive interest rates. Faircent leverages cutting-edge technology and data analytics to assess the borrower’s risk profile and facilitate appropriate lending practices. Investors on the platform benefit from diverse investment opportunities and attractive returns supported by a strong risk management framework. With its commitment towards transparency, fairness and financial inclusion, Faircent continues to redefine the lending landscape in India.

4. Lendbox

Lendbox is renowned for its innovative approach to P2P lending, providing its users with customized loan solutions and investment opportunities. The platform prioritizes borrower convenience and investor returns, employing advanced algorithms to efficiently match borrowers with suitable lenders. Lendbox fosters a collaborative lending environment, where borrowers can access funds quickly, and investors can diversify their portfolios with confidence. With its focus on user experience and financial innovation, Lendbox continues to set new standards in the P2P lending industry, empowering individuals to effectively achieve their financial goals.

5. Finzy

Finzy is known for its customer-centric approach to P2P lending, providing hassle-free access to personal loans to borrowers and attractive opportunities for investors to grow their wealth. The platform emphasizes transparency, security and convenience, offering borrowers competitive interest rates and flexible repayment options. Finzy uses advanced technology and data analytics to accurately assess a borrower’s creditworthiness, minimize default risks, and ensure fair loan terms. Investors benefit from diverse investment opportunities and comprehensive risk management strategies, backed by Finzy’s commitment to regulatory compliance and client satisfaction.

SJVN Stock Price Target 2023, 2024, 2025, 2027, 2030, 2040, 2050

6. i2iFunding

i2iFunding operates as a peer-to-peer lending marketplace, connecting borrowers with individual and institutional investors seeking attractive returns on their investments. The platform prioritizes borrower satisfaction and investor protection, employing robust verification processes and risk assessment technologies to facilitate secure loan transactions. i2iFunding offers borrowers competitive interest rates and flexible loan terms, while investors benefit from transparent investment opportunities and real-time portfolio management tools. With a focus on promoting financial inclusion and empowerment, i2iFunding remains a trusted partner for individuals seeking ethical and efficient P2P lending solutions.

7. RupeeCircle

RupeeCircle is a trusted P2P lending platform, committed to providing affordable loans to borrowers and attractive returns to investors on their investments. The platform prioritizes responsible lending and prudent risk management practices, ensuring the security of transactions and the protection of user interests. RupiCircle promotes financial inclusion by catering to the credit needs of underprivileged sections of the population, empowering individuals to achieve their financial goals with confidence. With its transparent and user-friendly interface, RupeeCircle is making a positive impact on India’s lending landscape.

8. LiquidLoan

Liquiloans provides a dynamic P2P lending platform that enables individuals to borrow and lend money efficiently. The platform emphasizes user experience and financial innovation, providing quick access to funds to borrowers and offering investors diverse investment opportunities. LiquiLoans leverages advanced technology and data analytics to accurately assess a borrower’s creditworthiness, ensuring fair loan terms and minimal default risks. Investors on the platform benefit from transparent investment opportunities and competitive returns, backed by Liquiloans’ commitment to regulatory compliance and customer satisfaction.

9. I lend

I-Lend has established itself as a leader in the Indian P2P lending sector, known for its transparent and secure lending platform. The platform facilitates peer-to-peer loan transactions with minimal hassle, allowing borrowers to avail loans at reasonable interest rates and flexible repayment terms. I-Lend employs robust verification processes and risk assessment techniques to protect the interests of borrowers and lenders. With its commitment to integrity and professionalism, I-Lend continues to maintain high standards of transparency and accountability in the P2P lending industry.

10. Fello

Fello is a dynamic P2P lending platform that connects verified borrowers with individual and institutional lenders. The platform offers a wide range of loan products and investment opportunities, catering to the diverse financial needs of its users. Fello leverages technology to streamline the lending process and enhance the user experience while ensuring transparency, efficiency and reliability. With its commitment towards customer satisfaction and financial inclusion, Fellow remains a trusted partner for individuals seeking ethical and efficient P2P lending solutions in India.

Categories
Finance

SJVN Stock Price Target 2023, 2024, 2025, 2027, 2030, 2040, 2050

SJVN Stock Price Target

SJVN Stock Price Target,Today we will discuss SJVN stock price targets for the years 2023 to 2050. We will provide detailed information on these goals as well as the potential for this company to achieve them.

If you are interested in what kind of profits the company can expect in the future, continue this article to the end. If not, let’s start by analyzing the company’s business model.

About SJVN Limited Company

      SJVN Limited (SJVN) is an Indian public sector company that produces and transmits hydroelectric power. It was established in 1988 as a joint venture between the Government of India and the Government of India under the name of Nathpa Jhakri Power Corporation.

The company’s two hydropower plants, Nathpa Jhakri and Laptop, have a combined working hydropower capacity of 1,912. Apart from this, 81.9 million solar energy and 97.6 million wind energy have been installed in it.

The future of SJVN looks promising. The company has a large portfolio of telcos that are in various stages of development. SJVN is well positioned to meet the demand for food grain energy as it expands its business.

RVNL Share Price Target 2023-2025-2030-2040-2050

Table of SJVN Share Price Target

Target Year1st Target2nd Target
2023₹ 80₹ 120
2024₹ 160₹ 170
2025₹ 275₹ 355
2026₹ 390₹ 470
2027₹ 550₹ 690
2028₹ 780₹ 900
2029₹ 970₹ 1,075
2030₹ 1,145₹ 1,290
2040₹ 11,020₹ 13,310
2050₹ 22,000₹ 25,000

SJVN Stock Price Target for 2023

The company’s work in energy generation and transmission, or generating energy through hydroelectric, thermal, solar and wind energy, is the main direction of its business.

As a result, the demand for their services is very high and they are always working to increase the number of their purposes. The company is now also working on energy trading, which has led to a huge jump in the company’s revenue.

SJVN Share Price Target 2023 is as follows –

Target Year1st Target2nd Target
2023₹ 80₹ 120

SJVN Stock Price Target for 2024

Due to demand for electricity the company is constantly trying to expand its power generation capacity to continue supplying power for many years.

It is also investing in new consulting for energy promotion. Recently you have also seen me working on a project which is about to end and soon you have seen me working on such a project in the company.

SJVN Share Price Target 2024 is as follows –

Target Year1st Target2nd Target
2024₹ 160₹ 170

SJVN Stock Price Target for 2025

The company’s reach extends beyond the domestic market to the global market, due to which the demand for its paintings increases there too. To meet this demand, the company continuously increases its customer base and establishes ventures in new countries.

We are trying to expand our business in countries like Nepal and Bhutan and the company is continuously working to complete its power generation project so that it can finish its business in Indian countries in the near future. Preparations have been made.

SJVN Share Price Target 2025 is as follows –

Target Year1st Target2nd Target
2025₹ 275₹ 355

SJVN Stock Price Target for 2026

If we look at how well the company’s business model is working, we should not have any concerns about the future as the company will either operate in the commercial energy industry or have extremely significant returns and growth over that period. ..

With money investment, the organization can expand significantly and earn handsome profits in the future.

SJVN Share Price Target 2026 is as follows –

Target Year1st Target2nd Target
2026₹ 390₹ 470

SJVN Stock Price Target for 2030

If we look at the energy industry in the long term, we will see that there will be work on the energy industry in the near future. This industry will see considerable expansion and significant investment is expected in this sector in the near future.

Its continued business growth targets and the potential for significant future growth in this sector will result in very high returns in the near future.

SJVN Share Price Target 2030 is as follows –

Target Year1st Target2nd Target
2030₹ 1,145₹ 1,290
Categories
Markets

RVNL Share Price Target 2023-2025-2030-2040-2050

RVNL-Share-Price-Target

In this article, we are going to discuss RVNL share price targets 2023-2025-2030-2040-2050. Based on the performance of the company the financials of the company and some ratios like P/E ratio and current ratio will help in understanding how the companies gives returns and future.

About RVNL

The core business of RVNL is to implement a variety of rail infrastructure projects including double range gauge conversion, new lines and railway electrification and the company has also constructed some bridges.

RVNL is a Central Public Sector Enterprise functioning as the construction arm of the Ministry of Railways for project implementation and development of transport infrastructure. It was incorporated in 2003 to meet the growing infrastructure needs of the country and implement projects on a fast-track basis. It is a ‘Navratna’ CPSE in India under the administrative control of the Ministry of Indian Railways.

Best Dividend Stocks Under Rs 600 – Analysis

RVNL Company Overview

Company NameRail Vikas Nigam
Market Cap₹ 34684 Cr.
Debt₹ 6,441 Cr.
Cash₹  1,809.46  Cr
P/E23.7
Sector P/E31.2
Shares208.50 Cr
52-Week High/Low₹ 199/₹ 32.8
ROE20.8 %
Websitehttps://rvnl.org/

Company business

The company has a wide range of business such as they have new lines to double the previous line, existing ones have only one lane.

The company also has a Metropolitan Transport Project Company on the project of setting up metro lines and sub-burden networks in metropolitan cities.

RVNL share price target 2023

Rvnl stock is performing well in the market with a return of 10.38% in the last 1 month and a return of 76.32% in the last 3 months, which is really good. And if you look at the P/E ratio, that too is only 20.06. A P/E ratio of 20 is better than good.

Yes stock and give good returns by 2023 Rs 213.

RVNL share price target 2025

The last 1 year stock return of RVNL is +342%. If the stock gives similar returns in the next 2 years then the stock price can go up to Rs 520. And the company also has a strong order book. The order book includes Rs 52,000 crore. RVNL will get more orders in future. Therefore the total revenue of the company will increase.

RVNL company’s revenue in FY2023 is Rs 21,436.64 crore. Revenue has grown at an annual rate of 22.01% over the last 5 years, compared to the industry average of 10.76%.

RVNL share price target 2030

RVNL has a subsidiary called High-Speed Rail Corporation India Limited which was incorporated for preliminary feasibility study and implementation of high-speed corridor in India to run passenger trains up to 350 kmph. RVNL share price target 2030 is minimum Rs 200 and maximum Rs 800.

RVNL share price target 2040

The company’s net profit increased to Rs 1,421 crore. The company’s sales also increased in Part 3, the rate of increase in sales was 12%. Is the company continuously increasing its sales and making profits? Then the target price of RVNL in 2040 is ₹1250 to ₹1350.

RVNL share price target 2050

The company’s revenue grew by 12.01% over the last 5 years compared to the industry average of 10.76%. Market share has increased from 7.59% to 12.32% in the last 5 years. By 2050, the share price of RVNL may reach Rs 2100 to Rs 2200.

RVNL Share Price Target Table 2023-2050

YearsMinimum TargetMinimum Target
2023Rs 50Rs 213
2025Rs 80Rs 180
2030Rs 700 ApproxRs 800 Approx
2040Rs 1100 ApproxRs 1350 Approx
2050Rs 1900 ApproxRs 2200 Approx

conclusion
The financial position of the company is stable and the operating efficiency of the company is also very good. Another expectation of a company is that a good company should maintain a good order book. Yes, the stock may be an invisible stock but wait for good entry point.

This article is for informational Purpoe.We are not recommending any stock to invest in. Before investing in any stock do your own research.

Categories
Markets

Best Dividend Stocks Under Rs 600 – Analysis

Best Dividend Stocks

Best Dividend Stocks: Most of the long term investors get disappointed as they do not get the right value for their time and money invested in the stock market. They may receive less capital appreciation after holding the security for a longer period. But, worry no more! You can earn good returns on both your time and money invested.

One such way to earn more is by investing in dividend stocks. So here, we present you the list of best dividend stocks under Rs 600 to help you grow your wealth.

Best Dividend Stocks Under Rs 600

Under Best dividend stocks under Rs 600, we have handpicked the best stocks from various sectors of the economy. Here, we have discussed the company and its financial performance in brief to help you have a detailed look at the stock.

#1 – ITC

ITC Limited, originally named “Imperial Tobacco Company of India Limited”, is an Indian conglomerate company that was initially started as a tobacco company. The company was established in 1910 in Kolkata, India.

The company operates in diverse business segments including FMCG, Hotels, Paperboard, Paper & Packaging, Infotech and Agri-business.

ITC, the leader in the domestic cigarette market, has a market share of over 80%. The company is a major player in the Indian market with over 36,500 employees and over 200 manufacturing units across the country. The company has 25 FMCG brands and 115 hotels across 80 locations in the country.

According to the Q4 results of FY23 by ITC Limited, gross revenue across all segments grew by 17.6% and profit after tax (PAT) by 24.5%. The company also gives good returns to the shareholders through 24% growth in EPS. The company is debt free from last 5 years with increasing return ratios like ROCE and ROE.

As an achievement in its own right, the company has consistently given dividend for the last 10 years. As per the current share price, the company pays a dividend of 3.5%.

CMP (In Rs)470Market Cap (in Rs Crs)5,87,698
Dividend Yield (%)4.04 %Face Value (in Rs)1
EPS (In Rs)15.44P/E Ratio28.48
ROCE (in %)35.81ROE (in %)27.75
Promoter Holding0Book Value49.51
Debt Equity Ratio0Price to Book Value8.89

#2 – Indraprastha Gas

Indraprastha Gas Limited is one of the well known natural gas distributors in India. Best Dividend Stocks list It was established in 1998 to take over the Delhi City Gas Distribution Project from GAIL (India) for laying a network of gas distribution pipelines.

The company is engaged in distribution of natural gas to domestic, commercial and transportation sectors in the National Capital Territory of Delhi.

It supplies Compressed Natural Gas (CNG) to the transport sector, Piped Natural Gas (PNG) to the domestic and commercial sectors and Regasified Liquefied Natural Gas (RLNG) to industries.

The company’s board has PSUs such as GAIL and BPCL as promoters, each holding an equal stake of 22.5%, as well as the Government of NCT Delhi with 5%.

Carrying forward the company’s financials, the company reported a 145% increase in sales from Rs 5,764 crore in FY23 to Rs 14,145 crore in FY23 and an 83% increase in net profit to Rs 755 crore in FY2019. 1,386 crore from Rs. In FY23.

Talking about the return ratio, the company has an upward trend in ROCE and ROE after the pandemic. It is a debt-free company with year-on-year (YoY) EPS growth.

The company is paying dividend regularly for the last 10 years. For the year ending March 23, it has declared a dividend of 650% at Rs 13 per share on the face value. As per the current share price of Rs 480, the dividend yield is 2.7%.

CMP (In Rs)487Market Cap (in Rs Crs)33,022
Dividend Yield (%)2.7Face Value (in Rs)2
EPS (In Rs)23.42P/E Ratio20.14
ROCE (in %)22.4ROE (in %)20.67
Promoter Holding (%)45Book Value (In Rs)113.3
Debt Equity Ratio0Price to Book Value4.17

#3 – AllSec Technologies

Allsec Technologies Limited is an Indian company incorporated in 1998 in Chennai, India is one of the best stock in Best Dividend Stocks list. It is a global leader in outsourcing solutions providing future-ready, flexible business solutions to industry giants, Fortune 100 companies and growth-focused organizations.

It primarily provides business solutions under two segments, Digital Business Services and Human Resource Outsourcing (HRO). It was acquired by Quess Corp in 2019. Being in the industry for more than two decades, the company has more than 5000 employees. It has its operations in 3 locations across India namely NCR, Bengaluru and Chennai.

There is an upward trend in both the revenue and profits of the company in the last 5 years from FY19 to FY23. From FY19 to FY23 the revenue has almost doubled from Rs 261 crore to Rs 390.5 crore in the last 5 years.

Talking about net profit, we can reach 37% increase in net profit from Rs 35 crore to Rs 48 crore on YoY basis. Allsec Technologies has maintained high ROE and ROCE. Furthermore, it has a high dividend yield of 4.23%.

CMP (In Rs)522Market Cap (in Rs Crs)803.44 
Dividend Yield (%)8.58Face Value (in Rs)10
EPS (In Rs)32.06P/E Ratio14.74
ROCE (in %)25.98ROE (in %)21.27
Promoter Holding (%)73.39Book Value (In Rs)150.72
Debt Equity Ratio0Price to Book Value3.14

5 Priceless Benefits of Financial Freedom in 2023

#4 – Gujarat Heavy Chemicals Limited

Gujarat Heavy Chemicals Limited is an Indian company founded in 1983 best stock in Best Dividend Stocks list. The company is primarily involved in business sectors such as chemical, textile and consumer product manufacturing. With a presence of more than three decades in the industry, the company has achieved a turnover of 37.89 billion.

In the chemical industry, GHCL manufactures Soda Ash with a production capacity of 1.1 million MTPA. In addition, it aims to increase the production capacity to 500 thousand MTPA by 2025.

GHCL is also one of the leading yarn manufacturers in the country and produces cotton and synthetic yarns. The Consumer Products Division of GHCL manufactures and sells Edible Salt and Industrial Grade Salt under the brand names I-FLO and Sapan.

Moving on to the financials, we can see an increase in the revenue as well as profits of the company. Revenue has increased from Rs 3,778 crore to Rs 4,545 crore from FY 22 to FY 23. Profit has also increased by 90% to Rs 1,141 crore from Rs 598 crore.

Moreover, the company has been consistently paying dividend to its shareholders for the last 5 years. As per the current share price of Rs 493.65, the dividend yield on the stock comes out to 3.55%.

CMP (In Rs)518Market Cap (in Rs Crs)4903
Dividend Yield (%)3.55Face Value (in Rs)10
EPS (In Rs)117.69P/E Ratio4.19
ROCE (in %)31.97ROE (in %)28.85
Promoter Holding (%)19.05Book Value (In Rs)413.84
Debt Equity Ratio0.09Price to Book Value1.2

#5 – Balmer Lawrie Investments

Balmer Lawrie Investments Limited is a Government (Non-Banking Financial Institution) NBFC where the President of India is a major shareholder with 59.67% stake.

The company was incorporated as NBFC in 2001. Even though it is an NBFC, it does not undertake any non-banking finance activity other than holding equity shares in its subsidiary Balmer & Lawrie Company Limited.

A subsidiary of Balmer Lawrie Investments Ltd. is a Miniratna PSU engaged in the business of industrial greases, specialty lubricants, logistic infrastructure etc. The company is listed on the Bombay Stock Exchange and the Calcutta Stock Exchange.

The revenue earned from the subsidiary company is directly reflected in the financial position of this holding company. The company’s revenue has increased from Rs 2060 crore in FY22 to Rs 2,328.39 crore in FY22 and net profit has increased from Rs 137.20 crore to Rs 172.36 crore, a growth of 25.7% in overall net profit.

Talking about dividend yield, it is a good dividend paying stock with dividend yield up to 7.5%. The company has been paying dividend to its shareholders continuously for the last 10 years.

CMP (In Rs)413Market Cap (in Rs Crs)914
Dividend Yield (%)8.12Face Value (in Rs)10
EPS (In Rs)73.46P/E Ratio5.45
ROCE (in %)7.56ROE (in %)7.92
Promoter Holding (%)59.67Book Value (In Rs)788.73
Debt Equity Ratio0.08Price to Book Value0.51
Categories
Finance

5 Priceless Benefits of Financial Freedom in 2023

Financial Freedom

I’ve heard the phrase “financial freedom” many times over the last 3-4 years from the investing community.

Whenever I talk to a client or investor in various forums, it seems that “financial freedom” has become the new buzz word. That’s why I decided to talk more about it today.

What is financial freedom?

Simply put, financial independence is the accumulation of enough money to cover your living expenses for the rest of your life. You’ve saved enough money to cover all your bills for the rest of your life. After this you will not have to worry about money.

How much money makes a person financially independent is a deep question and can be debated, but in the simplest terms, once a person has accumulated 35-40 times their annual spending requirement, He is called financially independent. You can read more about this 30X rule for retirement here

Let me get to the point of this article and discuss the top 5 reasons why I believe most individuals should strive for financial independence early in life (hint/strong: by the time they are 45 or turn 50). of the year).

5 Benefits of Achieving Financial Freedom

Benefit #1: Freedom to Buy in Life

We all work hard day and night to earn money. Money covers all our costs. Rent, food, your children’s school fees and healthcare costs. Everything..

If money is not everything in life, it certainly is a very important factor!!

Many people do not feel free in their life. They become slaves of money because earning money becomes the main aim of their life.

• They cannot deny their work

• They can’t say ‘no’ to the schedule

• They can say no to their bosses

At all times, money determined their lives and decisions.

Having enough money in life can give you a lot of freedom.

• Freedom to work when

• Freedom with whom to work

• Freedom to wake up

• Freedom to take long holidays..

you name it and you can feel the freedom in that area

If you want to experience immense freedom in different areas of life, then you have to work towards financial freedom.

Home loan-Which is the best time to prepay the home loan in 2023?

#Advantage 2: To bring more strength in your career

Many people have this myth that they will achieve financial freedom so that they can quit their jobs and retire from work.

not true!

One has to achieve financial independence so that they can bring more energy and enthusiasm in their career or whatever new they want to do in life.

Most people work in life with the primary objective of making money, not because they want to.

• You feel that new project in your company is exciting enough but doesn’t pay enough? What do you do? forget it!!

• You think you really enjoy taking risks and trying something challenging at your workplace, but wait.. what if it fails and you get fired or don’t get promoted next year? You forget it and again focus on things that are “safer” for your career.

We are constantly looking for ways to boost our compensation package, even if it means giving up activities we would love to do if money weren’t an issue!

When the money runs out and you have to work only for the love of working and reach greatness, your work takes on an entirely new vitality. You achieve more quickly and your job satisfaction increases. This is the real way of doing things, but it doesn’t happen for most people because money gets in the way of what you really want to achieve in life.

#Benefit 3: Greater flexibility to pursue other passions

Financial independence also gives you the freedom to pursue long-awaited passions that you cannot fulfill while holding a regular job.

“What will you do after you are financially independent?” I ask our workshop participants. I get some unusual responses, like

• I will be a music teacher

• I would like to run a restaurant

• And even I would like to become a scuba diving instructor

The compulsion to “make money” has crushed a lot of dreams and financial independence is the point where one can look for new careers or opportunities.

#Benefit 4: Stress and worry about money will reduce

This is a no brainer.

Now ask yourself the question. If you lose your job and never find another, how many years of expenses do you currently have?

• 3 year?

• 10 years?

• Or 2 months?

Wait more!.. How about paying off all your outstanding home loans and on top of that funding your children’s expensive education?

It’s scary isn’t it!

We are all worried about the future as we do not have enough money.

Here’s a quick 25-question financial health test if you’d like

The day you will have enough money to afford everything and live comfortably, that day you will be really safe and secure.

#Benefit 5: Pass on a strong legacy and build generational wealth

• Your grandparents worked for money

• Your parents worked for money

• You work for money now

Where are your generational assets? Do you have a family heirloom that at least takes care of your family’s basics?

You will see different families where they work towards generational wealth. They have enough wealth that generates income for the family, be it a business, equity assets, real estate assets or anything else!

But many families are not able to make it because they don’t have the attitude. They make money and they lose money, and at the family level, they’re always in that never-ending cycle.

If you achieve financial independence early in life, there is a good chance that you can sow the seeds of generational wealth, but you also need to make sure that you teach your next generation the right attitude towards money.

Categories
Banking

Home loan-Which is the best time to prepay the home loan in 2023?

Home Loan

Which is the best time to prepay the home loan? Is it during the first few years of the loan term? Is it wiser to invest somewhere instead of paying off the loan? Are we really saving home loan interest by prepaying? Let us try to answer these questions by taking a simple example.

Many of us have home loans and due to the recent rise in inflation and interest rates, most of the borrowers are wondering or in a dilemma whether to prepay the home loan or not.

Which is the best time to prepay the home loan?

I know many of you will already have a ready-made answer to the question whether it is valid to prepay if the loan is fresh. However, what is the opportunity cost of not paying off the home loan and investing elsewhere? Is it equal to or less than the home loan rate?

The purpose of this post is to highlight this opportunity cost. This means if instead of prepaying the home loan, you invest in lump sum, what should be your ideal break up?

Many people randomly assume that if the home loan interest rate is 8% and if they prepay the outstanding, they will save about 8% upfront interest payment on the outstanding loan principal. However, this is a complete myth.

This is mainly because in the home loan EMI, your interest portion is usually higher during the first few years, and will come down considerably later. So, when you plan to prepay the principal, how many years are left and the total interest you have to pay during the loan tenure also matters.

Strong Fundamental Analysis of Deepak Nitrite for 2023-24

For our example, assume the home loan amount is Rs. 1,00,00,000, the rate of interest is 8% and the term is 20 years. The EMI will be Rs 83,644. The total interest paid by you during the entire period of 20 years is Rs.1,00,74,561. If we combine both the principal and interest, then in total you will have to pay Rs 2,00,74,561.

To understand what is the opportunity cost of prepaying the home loan and which is less stressful, let us break down the entire tenure into each of the loan tenures of 5 years.

You see that during the first five years, you paid around 37% of the total interest (Rs 1,00,74,561) and you paid around 12% of the principal amount.

Hence the balance payable is Rs. 87,52,558 (Principal) + Rs. 63,03,362 (Interest) = Rs. 1,50,55,920.

Now let’s assume that after 5th year you have Rs 87,52,558 in your kitty and you want to repay the loan. So obviously the savings for you is the interest part of Rs 63,03,362.

What amount of Rs 87,52,558 will have to be generated in the next 15 years to compensate Rs 63,03,362? That’s about 3.7% not the 8% many people save!!

Similarly, if you want to prepay after the end of 10th year, you need to consider these numbers.

You see that by the 10th year, you paid around 69% of the total interest (Rs 1,00,74,561) and around 31% of the principal.

So the outstanding amount payable after 10th year is Rs.68,94,062 (Principal) + Rs.31,43,217 (Interest) = Rs.1,00,37,279

Now let’s assume that after 10th year you have Rs 68,94,062 in your pocket and you want to repay the loan. So clearly for you, the savings is the interest part of Rs 31,43,217.

How much will this amount of Rs 68,94,062 have to be generated in the next 10 years to offset Rs 31,43,217? This is approx 3.82% and not 8% savings like the common belief of many people!!

What if you want to prepay the loan after 15th year? Below is the status of the loan after completion of 15 years.

You see that during 11th to 15th year you paid almost 91% of the total interest (Rs 1,00,74,561) and 58% of the principal amount.

Then the balance payable will be Rs. 41,25,190 (Principal) + Rs. 8,93,448 = Rs. is 50,18,639

Now let’s assume that after 15th year you have Rs 50,18,639 in your pocket and you want to repay the loan. So clearly the savings for you is the interest part of Rs 8,93,448.

How much will this amount of Rs 50,18,639 have to be generated in the next 5 years to compensate Rs 8,93,448? This is just around 4% instead of the common perception of many as 8% savings!!

Another way to prove it is that paying off the home loan during the first few years has a far better and less stressful opportunity cost than postponing your home loan repayment to the latest tranche of the home loan.

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Markets

Strong Fundamental Analysis of Deepak Nitrite for 2023-24

Fundamental Analysis of Deepak Nitrite

Whenever investors talk about the recent boom in the chemical sector in India, Deepak Nitrite’s name always pops up. Fundamental Analysis of Deepak Nitrite of the stock has given multi-bagger gains to thousands of investors. But is there more to it? Or is the whole boom over and over now? In this article, we will undertake a fundamental analysis of Deepak Nitrite Limited and try to find out if there is much more to it than that.

Fundamental Analysis of Deepak Nitrite

We will begin with a brief overview of the company’s business and how its product portfolio has changed over the years. Later, we’ll run through the industry landscape and the stock’s financials. A section on future plans and a summary end at the end of the article.

Company Overview

Deepak Nitrite Limited (DNL) is a fast growing chemical intermediates Indian company with a well diversified portfolio. It is the largest producer of Sodium Nitrite, Sodium Nitrate, Phenol and Acetone in India.

DNL was started 50 years ago in Gujarat in 1970 by C.K. Mehta is the father of the present Chairman and MD Deepak C. Mehta.

As on date, it produces 30+ products from its 6 manufacturing plants. The company serves more than 1,000 customers in 45 countries globally. It had a strong workforce of 2,006 employees at the end of FY22.

Deepak Nitrite has been a major beneficiary of the boom of the Indian chemical industry in the last half a decade. In the following sections, we will read more about how it has become the preferred choice of Indian companies for phenolics, which they used to import earlier.

Fundamental Analysis of Deepak Nitrite

segment analysis

DNL’s product line can be divided into 4 segments:

1. Basic intermediates are standard products like sodium nitrite, sodium nitrate etc. which find application in industries like petrochemicals, rubber, agrochemicals and industrial explosives.

2. Fine and specialty chemicals are specialized, high-margin products. The company caters to the specific requirements of the clients in the areas of Paper, Personal Care, Pharma and such others.

3.Performance products are chemicals (used in paper, detergent and other industries) that add special characteristics to any product.

4. The Phenolics division has expanded rapidly in recent years as DNL has become an import substitute for Indian automotive, pharma, rubber and various other players.

5-Best Mid Cap Stock -See Complete Stock List & Analysis in 2023

Revenue Segment of Deepak Nitrite

The table below shows how the revenue segments of Deepak Nitrite have grown over the years.

The share of DNL’s various product segments in its revenue has changed over the years. Most significant is the growth of the Phenolics segment (it comes under Deepak Phenolics, now a wholly owned subsidiary of Deepak Nitrite) which grew to 62% of the company’s revenue in FY22. Established in 2014, Phenolics was a small division of the company that previously generated negligible income.

Geographic segment

Exports accounted for 22.49% of the company’s total revenue in FY22. Domestic sales garnered a 77.51% majority of total revenue.

Now we are well aware of what the company does and how it has matured over the years. As part of our fundamental analysis of Deepak Nitrite, let us equip ourselves with the Indian chemical industry scenario.

Industry Overview

According to FICCI data, India has a market share of 4 per cent in the $5,027 billion global chemical industry. China is the largest producer with 39% share. ‘Commodity’ chemicals and ‘specialty’ chemicals make up about 80% and 20% of the total market, respectively.

From 2017 onwards, the Chinese chemical industry began to falter as the government tightened controls on pollution and emissions. Due to this the prices increased all over the world. The structural change presented a huge opportunity for Indian companies as most of them already had eco-friendly practices in place.

The Indian specialty chemicals sector is projected to double its share in the worldwide market by 2026 from 4% to 6% at present. The annual growth is pegged at 18-20% in FY22 and 14-15% in FY2023.

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Markets

5-Best Mid Cap Stock -See Complete Stock List & Analysis in 2023

5-Best Mid Cap Stock

Best Mid Cap Stocks: As per the recently announced classification by Association of Mutual Funds in India (AMFI) in early 2023, stocks having market capitalization between ₹16,800 – 48,900 crore fall under ‘Mid-Cap’ category Are. As a result, currently more than 150 companies in the country fall under a single category of stock.

Over the years, it has been observed that mid-cap stocks have outperformed both large-cap and small-cap stocks. Such an advantageous position in the stock market has made them a favorite of seasoned investors. These types of stocks can take advantage of the best of both ends, that is risk moderation and adequate returns.

Some of the characteristics of mid-cap stocks include diversification of stocks, greater liquidity as compared to small-cap stocks and higher potential for growth leading to increased profitability.

Best mid cap stocks

In this article, we will race amongst the best mid-cap stocks in India. The primary factor in the selection of stocks has been the market capitalization of the companies. Let’s look at them one by one.

1 – Federal Bank Ltd

Federal Bank Limited is one of the Best Mid Cap Stock an India-based commercial banking company operating through a network of branches and ATMs across the country. The business segments of the company include Corporate/Wholesale Banking Segment, Treasury Segment, Retail Banking Segment and Other Banking Operations including Para-Banking Activities and Other Banking Transactions.

It generates most of the revenue from the domestic markets. The market capitalization of the company is Rs 27,747 crore.

As of the quarter ending December 2022, the bank has a total of 1,272 branches and 1,957 ATMs/recyclers. Apart from this, the bank has more than 1,10,00,000 customers using its services.

The financial position of the company has registered an increase with a shift from Rs 1,647 crore in FY 2020-21 to Rs 1,965 crore in FY 21-22.

The valuation of some metrics specific to the banking industry, the gross as well as the net NPA ratio, has gone down with the former going down to 3.41.

Avalon Technologies IPO Review – Date, Financials & Details, Its better to invest 2023?

2 – NMDC Limited

NMDC Limited is second Best Mid Cap Stock engaged in the business of mining a wide range of minerals including copper, iron ore, rock phosphate etc. Most of its revenue comes from the ‘Iron Ore segment’. Geographically, the company generates most of its revenue from the Indian domestic market. The market capitalization of the company is Rs 32,193 crore.

The company produces about 35 metric tonnes per annum (MTPA) of iron ore from its major iron producing units, which are ‘Bailadila’ sector in Chhattisgarh and ‘Donimalai’ in Bellary-Hospet sector in the state of Karnataka. It aims to achieve 100 MT iron ore production capacity by FY30.

The company’s revenue increased from Rs 15,370 crore in FY 2020-21 to Rs 25,882 crore in FY 21-22. Similarly, the net profit figure of the company has increased from Rs 6,247 crore during FY20-21 to Rs 9,392 crore in FY21-22.

Profitability metrics such as ROE and ROCE reported good improvement with ROE increasing from 21.71 per cent in FY20-21 to 28.96 per cent during FY21-22 and ROCE during the same period showing a momentum from 29.65 per cent to 37 per cent . Though within the ideal range, the company’s debt-to-equity ratio increased from 0.07 in FY20-21 to 0.1 during FY21-22.

3 – Power Finance Corporation Limited

Power Finance Corporation Limited is again Best Mid Cap Stock for financial institution operating in the country dedicated to the power sector and various projects under it. The product portfolio of the company includes short term loans, range of credit facilities etc.

The company works hard to explore new areas for sustainable development such as providing funding to nuclear power projects, renewable equipment manufacturers, etc. The market capitalization of the company is Rs 41,436 crore.

4 – Rural Electrification Corporation Limited

Rural Electrification Corporation Limited (REC) is forth Best Mid Cap Stock a government agency established in 1969. The agency was formed with the main objective as well as to promote ‘Power Sector’ projects across the country.

The company is also engaged in providing credit support to Central and State power sector utilities, private sector project developers etc. REC has a market capitalization of Rs 32,165 crore.

With revenue increasing from Rs 35,553 crore in FY 20-21 to Rs 39,282 crore in FY 21-22, the financial company exhibits a strong track record of robust growth. In addition, profit after tax increased from Rs 8,380 crore in FY 20-21 to Rs 10,048 crore in FY 21-22.

Profitability metrics have also shown an increase in numbers. The return on equity (ROE) moved from 21.32 per cent in FY20-21 to 21.39 per cent in FY21-22. The return on capital employed (RoCE) during the same period showed an opposite trend with a marginal decline from 9.29 per cent to 9.1 per cent.

The debt-to-equity ratio of the company, though higher than desired, has seen a decline for a couple of financial years, with the most recent change from 7.53 in FY 20-21 to 6.49 during FY 21-22.

2.8 in FY20-21 and subsequently going down to 0.96 from 1.19 during the same period, during FY21-22.

Profitability metrics such as ROE and ROCE moved in opposite directions with ROE showing upward momentum, most recently from 10.52 per cent to 11 per cent during FY 20-21. In contrast, the ROCE number decreased from 10.12 percent to 9.68 percent, keeping the time frame the same.

5- Aditya Birla Capital Limited

Based in Mumbai, Aditya Birla Capital (ABCL) is Best Mid Cap Stock a wealth management firm with a strong presence in various lines of business such as asset management, corporate debt, private equity, currency, commodity broking, etc.

The company is committed to the core objective of serving end-to-end financial services and catering to the needs of its retail as well as corporate customers. The market capitalization of the company is Rs 38,305 crore.

The consistent growth in revenue and net profit figures contribute to show a healthy picture of the company backed by efficient cost management. As mentioned, revenue grew from Rs 19,554 crore in FY 20-21 to Rs 22,608 crore in FY 21-22, and net profit increased from Rs 1,106 crore to Rs 1,660 crore during the same period.

Return on Equity (RoE) and Return on Capital Employed (ROCE) increased from 8.52 per cent in FY 2020-21 to 11.50 per cent during FY 21-22 and marginally improved subsequently during the same period. 8.12 percent to 8.24 percent.

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Finance

Avalon Technologies IPO Review – Date, Financials & Details, Its better to invest 2023?

IPO Review

Avalon Technologies IPO Review. In a time of funding winters and bleak growth, some companies have risen to the challenge of going public despite skeptical market sentiment. We’re going to cover the upcoming initial public offering of Avalon Technologies Limited. The IPO will open for subscription on April 3, 2023 and close on April 4, 2023. It seeks to raise up to ₹865 crore.

In this article, we will look at Avalon Technologies IPO Review 2023 and analyze its strengths and weaknesses. Keep reading to find out!

How to check LIC maturity amount online or offline in 2023?

About the company

Avalon Technologies was founded in 1999, making it 24 years old. It began when the founders were assembling circuit boards in California in 1995. Today they have become an international manufacturer with over 1,900 employees. They are an end-to-end electronics manufacturing service provider.

Some of the companies they count as clients are Collins Aerospace, E-Infochips, The US Malabar Company, Meigit, Kyosan India and Zoner Systems.

They have 12 manufacturing plants in two major countries – India and the United States. The promoters of the company are Kunhamed Bicha and Bhaskar Srinivasan. They got approval from SEBI for the IPO in the month of January this year.

As per the company’s DRHP, they are one of the leading fully integrated manufacturers in India having an end-to-end operation to deliver box build solutions. They provide full support to their customers from PCB (Printed Circuit Board) design to box build of electronic systems. Other services provided by the company include cable assembly, machining, magnetics, injection molded plastic and sheet metal fabrication.

Avalon is an ISO-certified company with presence in key industries such as aerospace & defence, power, railways, telecom, clean energy etc.

Financial Highlights

If we look at the financial position of Avalon Technologies Limited then we come to know that their assets have grown from Rs. 449.65 crores in March 2020. 587.96 crores in March 2022. Their revenue also follows a similar trend, it has increased from Rs. 653.15 crores in March 2020. 851.65 crores in March 2022.

As of November 2022, the company’s revenue for FY 22-23 stood at Rs 596.75 crore. His profits have increased from Rs. 12.33 crores in March 2020. 68.16 crores in March 2022. By November 2022, the company’s profit for FY 22-23 is Rs 34.18 crore. It is also important to note that the borrowings of the company have increased from Rs. 248.48 crores in March 2020. 294.05 crores on 22 March.

Revenue Breakup of Avalon Technologies Limited

(Source: RHP of the company)

Balance Sheet Of The Company 

Profit and loss Statement of the company

Avalon Technologies IPO Review – Competitors

The following are the company’s competitors in India:

Dixon Technologies (India) Limited, Allin Electronics Limited, Amber Enterprises India Limited, Sira SGS Technology Limited, Kynes Technology India Limited, VVDN Technologies Private Limited, Bharat FIH Limited and SFO Technologies Private Limited

Strength

• The company offers an integrated and well-diversified solution suite that includes PCB design and assembly, and manufacturing of various components which allows them to offer PCB design and analysis for new product development. It is one of the few EMS companies in India that provides one-stop services from PCB design and analysis to new product development and subsequent volume production.

• The company has created an entry barrier for any new entrants in the industry through its experience of offering EMS services across product and industry verticals to clients globally over the years.

• Over the years the company has diversified and expanded its customer base and evolved its operations to cater to various end use industries across multiple product capabilities

• The company aims to become a significant player in the EMS industry hinges on its performance and ability to build long-term relationships with its customers.

• The company has established a global distribution footprint with quality standards and advanced manufacturing and assembly capabilities. As of November 30, 2022, the company operates through 12 manufacturing units spread across California and Georgia in the US and Karnataka and Tamil Nadu in India.

weaknesses

• The Company obtains its raw materials primarily from suppliers on a purchase-order basis. Any non-compliance by suppliers in meeting contractual obligations, increase in raw material costs or any disruption in the supply chain will have an adverse impact on business operations.

• A major portion of the company’s revenue is earned from a few key customers. Losing a relationship with any of these customers can have a huge impact on the profitability of the business.

• The Company’s business is spread across other countries and as a result, foreign exchange fluctuations will impact its earnings and profitability.

• Failure to timely obtain or renew certain recognition, licenses and permits from government and regulatory authorities may affect the operations of the business.

• The company is required to adhere to strict quality requirements and delivery schedules for its products at predetermined prices. Failure to do so will have an impact on the reputation of the company which in turn may affect its financial position.

Categories
Insurance

How to check LIC maturity amount online or offline in 2023?

LIC maturity

LIC policy maturity amount.

Maturity amount of LIC policy is basically the final amount that the policyholder receives on maturity of the policy. It can also be the amount or the death benefit that the beneficiary or nominee receives in case of the policyholder’s sudden demise. To calculate the maturity amount, you need to add the sum assured. This was agreed upon by the company and the customer at the time of purchasing the plan. This also includes any benefits received during the tenure of the plan and additional bonuses as mentioned by the company.

How to Check LIC Policy Maturity Amount?

If you are wondering how to check your policy maturity amount, then you need to know that there are many ways to do it. Some of them are mentioned below:

checking maturity amount online.

To check your maturity amount online, here are the steps you need to follow:

• You have to start it by visiting the official website of LIC

• As soon as you reach the home page, you have to click on ‘New User’

• At this point, you will be required to enter certain details like your name, date of birth, mobile number, email ID, policy number etc.

• You can now choose a username and password to log in to the account.

If you are already a registered member, you need to follow the steps mentioned below:

• You need to land on the login page and use your username and password to log in

• After logging in, you can click on the ‘Policy Status’ tab

• Now you can see the plans available in the account

• At this point, you will be able to check the maturity amount along with other details like policy name, premium payment date, policy term, etc.

Checking policy Maturity Amount Through SMS

Another option for you to check your maturity amount is through SMS. And as you do this, there is absolutely no need to remember the credentials every time you want to check your LIC maturity amount. To do this you need to type ‘ASKLIC’ followed by your policy number and send it to 56767877.

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Checking Maturity Amount Through Customer Care

If you want to check the maturity amount neither online nor through SMS, you can do so through customer care. A dedicated team of staff is always available on call to provide you information regarding your LIC maturity amount. If you are a BSNL or MTNL user, you can call 1251 from your mobile number. If your mobile number belongs to any other telecom company, you can contact the Integrated Voice Response System (IVRS) and then follow up on 1251.

Why You Should Check Your LIC Maturity Amount?

It does not matter whether it is your maturity amount or any other plan, you must check it once. Along with knowing the current status of the plan, you will also be able to know the updates that have come recently.

How should you claim the maturity of LIC plan?

You are likely to receive maturity claim intimation from the nearest LIC branch two months before the maturity of your policy. If the policyholder passes away within the policy term, then the nominee has to submit a discharge receipt in Form No. 3825. Along with this, the policy documents must also be submitted one month before the due date of the policy, so that there is no loss. Obstruction in receiving the full maturity amount. The documents that have to be submitted are the policyholders identity proof, age proof, a canceled cheque, a copy of the bank passbook, NEFT mandate form and death certificate in cases of death of the policyholder.