Ceejay Finance Reports Strong Q2 FY24-25 Performance Amid Long-Term Challenges

Ceejay Finance, a microcap player in the finance/NBFC sector, has recently undergone an adjustment in evaluation, reflecting a nuanced view of its financial standing. The company reported positive financial performance for the quarter ending Q2 FY24-25, with net sales for the half-year reaching Rs 11.66 crore, marking a growth rate of 20.08%. Additionally, the company achieved its highest quarterly PBDIT at Rs 3.91 crore and a peak PBT less other income of Rs 2.96 crore.
Despite these positive indicators, the underlying trends suggest challenges in long-term fundamental strength, as evidenced by an average Return on Equity (ROE) of 9.54%. The company's growth metrics, including net sales and operating profit, have shown annual growth rates of 7.58% and 7.31%, respectively. Furthermore, with a current ROE of 10.4 and a Price to Book Value ratio of 1.2, the stock appears to be trading at a premium relative to its historical valuations.

Ceejay Finance has consistently delivered returns over the past three years, outperforming the BSE 500 in each of the last three annual periods, while generating a return of 29.23% over the past year.

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