I have a general aversion to MSME lenders and NBFCs because they are more prone to bad loans for which RBI still hasn't found a foolproof panacea. I usually stay away from them, most recently being Five Star Business and Fusion Micro.
That being said, SBFC Finance has a healthy book and management. It's worth taking some risk here, especially in comparison with Concord Biotech. The high P/E is concerning, so I will apply with FF in retail only if QIB crosses 30x on day 3. Thanks.
Always in restraint of Mrs. Crow.