17 December 2024
Elcid Investment, an NBFC that recently came to fore after its stock price surged well over Rs 3 lakh per share, has informed exchanges through a company filing that it is seeking to register itself as a Type-I NBFC.
"This is to inform you that the company has today i.e. December 13, 2024, submitted an application with Reserve Bank of India for registering our Non-Banking Financial Company (NBFC) as a Type-I NBFC-ND," the lender said in a company filing on Friday.
Elcid has a market capitalisation of under Rs 4,000 crore, and the shares are higher by close to 5% on December 16, nudging near Rs 2 lakh per share mark after having seen a life high of Rs 3.32 lakh. In the last one month, shares of Elcid are down by close to 28%. The five-year CAGR of the share price is 658%.
Elcid is trading at 0.26x its book value of Rs 6.85 lakh per share, and the P/E ratio has cooled off to 15.5x from the November peak of over 30x.
Elcid Investment, an NBFC that recently came to fore after its stock price surged well over Rs 3 lakh per share, has informed exchanges through a company filing that it is seeking to register itself as a Type-I NBFC.
"This is to inform you that the company has today i.e. December 13, 2024, submitted an application with Reserve Bank of India for registering our Non-Banking Financial Company (NBFC) as a Type-I NBFC-ND," the lender said in a company filing on Friday.
Elcid has a market capitalisation of under Rs 4,000 crore, and the shares are higher by close to 5% on December 16, nudging near Rs 2 lakh per share mark after having seen a life high of Rs 3.32 lakh. In the last one month, shares of Elcid are down by close to 28%. The five-year CAGR of the share price is 658%.
Elcid is trading at 0.26x its book value of Rs 6.85 lakh per share, and the P/E ratio has cooled off to 15.5x from the November peak of over 30x.
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