Ambit Capital's Note on Aavas Financiers
During FY16-20, both real estate & housing finance companies have been under severe stress due to events like RERA, Demon, IL&FS and an economic slowdown. During the same period Aavas financiers, a formidable housing finance player has seen its market share more than double from ~1.4% to ~2.9% in the affordable segment. This has been on the back of 47% CAGR in AUM versus a 23% growth in affordable housing finance industry, while overall housing finance industry growth has been even lower at just 14%.
and on Music Broadcast Ltd (RadioCity)
Music Broadcast has adopted a disciplined approach of profitable growth with focus on bottom-line. This has kept them away from poor capital allocation decisions like some of the peers. The company is profit leader in the industry and in tough times this allows it to gain over peers
