Agrawal Ka Double Dhamaka: Ek Profitable, Ek Turnaround Bet!
Mukul Agrawal ne apne ₹25 crore micro-cap strategy mein badi move li hai. Unhone Laxmi India Finance mein apna stake aur badhaya, lagbhag ₹18.5 crore aur lagakar, jisse unka total holding ab lagbhag 8% ho gaya hai, jiski value kareeb ₹40 crore hai. Yeh tab hua jab Laxmi Finance ke revenue mein December quarter mein thoda dip dekha gaya tha. Wahi, Tracxn Technologies, jo ek market intelligence platform hai, usmein bhi unhone ₹6.6 crore aur invest kiye hain. Yeh Tracxn mein unka bet hai ki woh future mein grow karega, haalanki company abhi profit mein nahi hai.
Laxmi India Finance: Funda Solid, Bas Revenue Mein Thoda Gap
Laxmi India Finance ki baat karein toh, yeh ek non-deposit taking NBFC hai jiska market cap lagbhag ₹570 crore hai. Company ka Assets Under Management (AUM) 25% saal-dar-saal badhkar ₹1,386 crore ho gaya hai H1 FY26 mein. Net Interest Margin (NIM) bhi 10.9% hai, jo MSME sector par focus ke karan hai. Unka Capital Adequacy Ratio (CAR) 31.90% hai, jo regulatory requirements se kaafi upar hai. Gross NPAs 1.59% hain aur Net NPAs sirf 0.84% hain, jisme Provision Coverage Ratio 47% hai. Pichhle 3 saalon mein company ke revenue aur net profit ne 36% aur 35% ka CAGR dikhaya hai, jo kaafi accha hai.
Lekin, Q3 FY26 mein revenue 10% se zyada gir kar ₹66 crore ho gaya tha ₹76 crore se. Is wajah se stock price bhi ₹135 ke IPO level se gir kar ₹109 par aa gaya tha February 11, 2026 tak. Iska P/E ratio 13x hai, jo market average (23.8x) aur industry peers se kam hai.
Tracxn Technologies: Growth Ka Big Bet, Profitability Pe Focus
Ab Tracxn Technologies ki taraf aate hain. Yeh ek SaaS company hai jo startup data track karti hai. FY20 se FY25 tak sales 18% CAGR se badhi hai aur ₹84 crore tak pahunchi hai, par profitability abhi bhi ek challenge hai. Company ne FY25 mein ₹10 crore ka net loss report kiya, jabki FY23 mein ₹33 crore ka profit tha. Stock price bhi listing ke time ₹91 se gir kar February 11, 2026 tak ₹37 par aa gaya tha.
Company ka kehna hai ki yeh loss strategic investments in sales aur marketing ke karan hai, jisse future growth milega. Indian SaaS market ka potential toh bahut bada hai, $100 billion tak ja sakta hai 2026 tak, lekin abhi funding thodi tight ho gayi hai. Jab Agrawal ne Tracxn mein stake badhaya, toh iske share price mein 10% se zyada ka jump bhaga tha February 9, 2026 ko.
Microcap Risks Aur Future Outlook
Microcap mein invest karna hamesha risky hota hai. Laxmi Finance ke liye, NPAs ka badhna ek risk ho sakta hai jab company expand kare. Tracxn ke liye sabse bada risk hai ki kya woh consistent profitability achieve kar payegi apne growth bets se. Market intelligence sector mein bhi kafi competition hai. Agrawal ka yeh move dikhata hai ki woh dono tarah ke opportunities ko explore kar rahe hain – ek value play aur ek turnaround play.