NSE: FUSION | BSE: 543652

Weak Stock

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140.50 5.24 (3.87%)

New 52W Low in past week

357.0K NSE+BSE Volume

NSE 11 Apr, 2025 3:31 PM (IST)

1,848.3

Market Cap

Below industry Median

0.8

Beta 1Year

Very Low volatility

Fusion Finance Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for FUSION, BSE:543652 Fusion Finance Ltd.

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Fusion Finance Ltd.

14 Feb 2025, 12:00AM

140.50

3.87%

Weak performance; front-loading stress for a cleaner FY26

Neutral: Fusion Finance Ltd.

Target

Motilal Oswal

Fusion reported a net loss of ~INR7.2b in 3QFY25 (vs. MOFSLe loss of INR2b), as NIM contracted due to interest income reversals and the reversal of all net Deferred Tax Assets (DTA) to date.

Fusion Finance Ltd. is trading below all available SMAs

Fusion Finance Ltd.

13 Feb 2025, 12:00AM

140.50

3.87%

Weak financial performance continues; stress pool remains bloated

Sell: Fusion Finance Ltd.

Target

ICICI Securities Limited

Fusion Finance (Fusion) has bolstered its balance sheet by upping its provision cover across Stage-1/2/3 assets and de-recognising interest income on Stage-3 assets.

Fusion Finance Ltd. has lost -36.20% in the last 6 Months

Fusion Finance Ltd.

17 Nov 2024

140.50

3.87%

Dismal quarter; auditor noted uncertainty in going concern premise

Neutral: Fusion Finance Ltd.

Recommendation Target

Motilal Oswal

Fusion Microfinance (Fusion) reported a net loss of ~INR3.1b in 2QFY25 (vs. MOFSLe loss of ~INR1.8b) due to significantly high credit costs.

Fusion Finance Ltd. has lost -70.06% in the last 1 Year

Fusion Finance Ltd.

23 Sep 2024

140.50

3.87%

Higher LLP guidance; management change calls for extended caution

Sell: Fusion Finance Ltd.

Recommendation Target

Emkay

Fusion Finance had posted disproportionately higher stress/LLP in 1Q, and indicated guiding on incremental LLP after assessing the asset quality trend in 2Q.

Promoters pledged 0.86% of shares in last quarter. Total pledge stands at 5.34% of promoter holdings

Fusion Finance Ltd.

07 Aug 2024

140.50

3.87%

Elevated credit cost marred earnings; asset quality improvement would be gradual

Sell: Fusion Finance Ltd.

Recommendation Target

ICICI Securities Limited

Fusion Microfinance’s (Fusion) Q1FY25 earnings were marred by elevated credit cost at INR 3.5bn vs INR 1.2bn QoQ. This was led by it proactively moving 55k customers with exposure of INR 2.21bn.

Fusion Finance Ltd. is trading below all available SMAs

Fusion Finance Ltd.

07 May 2024

140.50

3.87%

Delivers superior RoA despite higher LLP

Buy: Fusion Finance Ltd.

Emkay

Fusion MFI continues to report strong earnings with PAT at Rs1.33bn and RoA
at 4.7%, mainly led by continued margin expansion and higher fees. However,
LLP remains elevated at 4.7%, primarily due to stress in the state of Punjab,
specific PCR build-up, and incremental management overlay of Rs0.2bn. T

Fusion Finance Ltd. has lost -70.06% in the last 1 Year

Fusion Finance Ltd.

07 May 2024

140.50

3.87%

Earnings miss due to elevated credit costs; NIM rose ~5bp QoQ

Buy: Fusion Finance Ltd.

Target

Motilal Oswal

? Fusion’s 4QFY24 PAT grew 16% YoY to ~INR1.33b (9% miss) because of
elevated credit costs. NII grew 31% YoY to ~INR3.6b, while PPoP also grew
31% YoY to ~INR2.9b (7% beat). FY24 PAT grew 31% YoY to INR5.1b

Fusion Finance Ltd. has lost -70.06% in the last 1 Year

Fusion Finance Ltd.

22 Dec 2023

140.50

3.87%

Pick of the week Fusion Micro Finance Ltd.

Buy: Fusion Finance Ltd.

SBI Securities

Fusion Finance Ltd. has lost -36.20% in the last 6 Months

Fusion Finance Ltd.

08 Nov 2023

140.50

3.87%

Collections ex arrears at ~95.5% raises concern over credit cost trajectory in near term; however, NIM expansion and controlled opex enable RoE to sustain >20% in past 6 quarters

Buy: Fusion Finance Ltd.

ICICI Securities Limited

Fusion Microfinance (Fusion) has sustained its strong financial performance in Q2FY24, as reflected in it sustaining ~5% RoA and >20% RoE during the past six quarters with AUM crossing INR 100bn mark. However, collection efficiency (ex arrears) at ~95.5% is one of the lowest within the MFI space and management attributes lower collections to some challenges it has faced in states like Punjab, Haryana, Rajasthan and Gujarat.

Fusion Finance Ltd. has lost -70.06% in the last 1 Year

Fusion Finance Ltd.

13 Sep 2023, 12:00AM

140.50

3.87%

Focus on becoming trusted financial service provider to rural India, sustaining profitability

Buy: Fusion Finance Ltd.

ICICI Securities Limited

In its FY23 annual report, Fusion Microfinance (Fusion) has highlighted its commitment towards becoming a trusted financial service provider to rural India and also sustain industry-leading profitability going forward. While microfinance continues to be the core of the business, MSME vertical is gaining strong traction as reflected in INR 2.2bn disbursements in FY23, taking MSME AUM to INR 3bn as on Mar’23.

Number of FII/FPI investors decreased from 88 to 48 in Dec 2024 qtr

VOTE: Is Fusion Micro Finance Ltd. worth buying?

145 Votes:

Buy 78.62%

Sell 15.17%

Hold 6.21%

RESEARCH REPORTS

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Sell SEE REPORTS >

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