Promoter changed again in this counter. I guess new promoter Mr. Halwasiya appears to be a prominent investor who is buying this stock. Maybe some cleaning of books required still. The good thing is leverage is only 1:1 which means growth over 3-4 years does not require capital. But since the company hasnt grown in last decade, i believe the architecture of the company (employees, processes and systems) will be old, outdated and requires strong restructuting. New promoter has no experience of running a NBFC i guess. He will not only have to bring in strong management team but also look to hire lot of high quality individuals even at lower levels. P/BV at 1.2x TTM seems ok. Need to adjust this for any write offs that come along. But not a straight and easy bet as proper execution may take time
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TFCI at ATH
Aditya Halwasiya increased stake from 16.23 to 19% looks like possible acquisition candidate as earlier with cupid limited.
Decent Results
Net NPA reported - 0
PCR - 100%
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Director (Aditya Kumar Halwasiya) has bought 3.04% of the market cap in FY26 till now.
Disclaimer: Not Invested.
Looks like there is again an insider trading here, the highlighted three firms are kolkata based and the same ones who took positions in cupid limited just before being acquired by Aditya halwasiya last year, put together they bought about 8% of the company in June 2025 quarter.
Cupid 2.0 loading…??
Disclosure - Invested around 200 levels
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