What does a negative value in Net CashFlow From Operating Activities mean?

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How to analyze NBFC companies?

I’ll take a shot at answering this. I have taken the liberty to split this into 3 sub-questions. How to analyse a NBFC’s P&L? NBFCs have the following headers in their profit & loss statement. Revenue: Simply put, NBFCs borrow money from one place, lend it to people/businesses at a higher rate. So the revenue is simply lending rate (also called portfolio yield) multiplied by the size of the loan book (AUM - Assets Under Management). There are other sources of income like fee based income (loan…