Considering P/B valuation for ABFL, i arrive at following valuation
Right now, based on ABCL mkt cap, i think market has assigned P/B=1.5 to ABFL which is too low for company that grows at 25% consistently. Unless market knows something terrible that is going to be realized in the next 2 years, this valuation is not justifiable or it can continue to trade at P/B=1.5 without any rerating but still can deliver a return equal to the NBFC’s networth growth (25% now) to the investors.