According to Pawan Singh, the past loan book of the company had a lot of thrust on wind energy but going forward, solar would also have equal weightage or slightly higher weightage with clarity in government policies.
With the clarity in policies a lot of investment is anticipated in the renewable energy space and that is where we also hope to make investment
Pawan Singh
CFO
PTC India Fin Svs
Pawan Singh, CFO, PTC Financial Services , believes the thrust of the new government is on the renewable energy with the state government showing a lot of interest in this sector.
"With the clarity in policies a lot of investment is anticipated in the renewable energy space and that is where we also hope to make investment," he adds.
According to Singh, the past loan book of the company had a lot of thrust on wind energy but going forward, solar would also have equal weightage or slightly higher weightage with clarity in government policies.
The financial company has been getting a lot of attractive propositions through city bids that have happened recently after state governments have come out with clear-cut renewable energy policies.
Speaking exclusively to CNBC-TV18 on the sidelines of the Emkay Conference, Singh says the renewable energy segment constitutes nearly 30 percent of the loan book of the company. He expects the renewable energy loan book to go beyond 60 percent in the next two quarters as a lot of solar planrs have been set up by the state and many developers have approached the company to seek exposure to this segment.
Meanwhile, Singh expects the cost of capital to remain stable for the company.
Watch video for full interview
PTC India Fin stock price
On August 11, 2014, at 14:10 hrs PTC India Financial Services was quoting at Rs 36.80, up Rs 2.60, or 7.60 percent. The 52-week high of the share was Rs 40.00 and the 52-week low was Rs 9.50.
The company's trailing 12-month (TTM) EPS was at Rs 4.19 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 8.78. The latest book value of the company is Rs 25.51 per share. At current value, the price-to-book value of the company is 1.44.
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