Optimus Finance Reports Positive Q3 Performance Amid Concerns Over Long-Term Valuation
Optimus Finance, a microcap player in the finance/NBFC sector, has recently undergone an evaluation adjustment reflecting its current market dynamics. The company reported positive financial performance for the quarter ending September 2024, with net sales for the nine-month period reaching Rs 113.00 crore and a profit after tax of Rs 4.63 crore. Despite these favorable results, the stock's long-term fundamental strength appears to be weak, as indicated by an average return on equity (ROE) of 12.98%. The current ROE stands at 11.8, suggesting a valuation that may be considered expensive, particularly with a price-to-book ratio of 2.6.
Optimus Finance has demonstrated consistent returns over the past three years, outperforming the BSE 500 index in each of those periods. The stock has generated a notable return of 113.48% over the last year, accompanied by a significant profit increase of 66.1%.
The technical indicators for the stock also suggest a bullish trend, with various metrics showing positive signals.
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