Ugro Capital Ltd. share price target

Quarterly Update Q4FY25

Quarterly Update Q3FY25

Ugro reported a satisfactory performance in Q3FY25, in terms on AUM growth, asset quality, and credit cost. The company registered its highest-ever disbursement, of ~Rs20.5bn (grew 32% YoY/4% QoQ), resulting in AUM growing ~9% sequentially.

Ugro reported a satisfactory performance in Q2FY25, where it delivered a strong performance in terms of highest-ever net disbursement of Rs19.7bn (+34% YoY; +71% QoQ) and AUM reaching Rs101.6bn (+34% YoY; +10% QoQ).

Quarterly Update Q2FY25

Quarterly Update Q1FY25

Quarterly Update Q4FY24

With the recent capital raise of Rs13.3bn (Rs2.75bn of CCD and Rs10.58bn of
Warrants) and acquisition of embedded lending Fintech (“MyShubhLife”), Ugro
Capital is well capitalized and powered for the next leg of growth from Rs90bn
to Rs200bn of AUM, with RoA improving to 4.3% from 2.3% over FY24-27E.

Ugro Capital, along with reporting its Q4 and FY24 results, made a couple of key announcements to mark its solid start to FY25. In FY24, Ugro delivered 49%YoY AUM growth to Rs90.5bn, with RoA/RoE more than doubling to 2.3%/9.9%.

Quarterly Update Q3FY24

Quarterly Update Q2FY24

Quarterly Update Q1FY24

We met the management of Ugro Capital (UGRO) to better understand the MSME-focused lender's differentiated strategy and future business prospects.

Quarterly Update Q4FY23

Quarterly Update Q3FY23