Should investors of PTC India Financial Services be worried?

Six out of eight analysts polled on Bloomberg maintain their 'buy' recommendation on PFS after the quarterly results, with a target price of Rs 55

Should investors at PTC India Financial be worried?

When peers such as Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) were saddled with huge exposure to state electricity boards and thermal power projects, PTC India Financial Services (PFS), concentrated on the less-tapped renewable energy space, apart from lending to infrastructure projects such as roads, ports and railways, making it a preferred power sector financier. Now, however, with the asset quality issue sparing nobody, there is also a shadow over PFS. Trouble for it started brewing in FY15, when its gross non-performing assets (NPA) ratio rose above ...