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SBFC Q1 Review - Steady Improvement In Profitability; Seasonality Derails Growth Momentum: ICICI Securities

The brokerage maintains Buy with an unchanged target price of Rs 115, valuing the stock at four times Sep’25E book-value per share.

<div class="paragraphs"><p>Close view of counting various denominations of Indian rupee notes. (Photo: Pralhad Shinde/ Source: NDTV Profit).</p></div>
Close view of counting various denominations of Indian rupee notes. (Photo: Pralhad Shinde/ Source: NDTV Profit).
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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