Mukesh Babu Financial Services Ltd. Detail
As per the Company website it is a Finance and Investment Company, registered with Reserve Bank of India as “Non-Banking Financial Company”. It is a diversified financial services company with the main focus of business being investment banking and financing.
As regards investment banking activities, the Company is engaged in research based investment in shares for short term as well as long term periods. As regards financial services, it is active in corporate lending etc.
It has registered office in Mumbai.
Now lets look at performance of this company over the years.As per Dow theory of technical analysis price performance over a period of time reflects Company state.
Mukesh Babu Financial Services Ltd. Stock Performance
The long term chart looks impressive. It has steadily climbed over past 16 years. The performance improved gradually over the years. In year 2002 it was trading at 4 INR mark and now at 80 INR mark giving 20 times return in last 16 years.
The dividend yield is more than 1% at current market price which is good by any standard. Consistent dividend payer with increasing value is hallmark of best portfolio stock.
There was no year of under performance by stock. It means the performance increases quarter by quarter year by year. It is attribute of growth company.
Mukesh Babu Financial Services Ltd. My Opinion
Mukesh Babu Financial Services is in Financial Sector (Lending and Investment). There are too many players in this area. The main business of Company can be divided into two parts. First part is investment in Stock market and new companies. Second part is lending to Companies.
By investing in this Company you are in a way investing in Stock picking abilities of it. It does not have a product of its own. The past performance does indicate good stock picking abilities of this Company.
You can view it a trimmed down version of Motilal Oswal and other similar companies operating in Stock Investment arenas. So if you are interested in this space then you can compare other top companies in this space before making a decision. Note HDFC Group has also listed HDFC AMC as well which is in Asset Management space as well.
Note I am invested in a Asset Management Financial Company and do not want to further add one more company to my portfolio from same space.In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.