1. devang2k

    devang2k New Member

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    I have bought 1000 shares of Mercator at INR 18. I bought it because the book value is INR 27 and is available at discount rate. Also it has been a turnaround in last 4 quarter turning to black. I would like a opinion on Mercator and what should be the fair value in next 2-3 years?
     
  2. sanman

    sanman New Member

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    Mar 21, 2015
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    Some of the cons to considered at the very initial screening are:

    1. The company has delivered a poor growth of 9.36% over past five years.
    2. Company has a low return on equity of -4.17% for last 3 years.
    3. Contingent liabilities of Rs.564.49 Cr which is much more than market cap of 405.31 Cr.