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Message on Moneycontrol Message Board: Stocks

Why Prozone as stock which needs to be valued differently : Prozone is owning a land bank of 17.79 mln square ft in Aurangabad , Nagpur , Coimbatore , Indore , Jaipur and Mysore . Aurangabad 15 lac 59 k sq ft , Coimbatore 30 lac 75 k sq ft , Indore 49 lac 03 k sq ft , Nagpur 42 lac 54 k sq ft , Jaipur 27 lac 76 k sq ft , Mysore 12 lac 16 k sq ft . It has started developing this and leasing . Leased income will be from total 45 lac sq ft annually . On conservative basis it will Rs.50 per sq ft per month , so 45 * 50 * 12 is 270 crores rent per year . Income from sale of properties 132 lac sq ft ( as per last 2 quarters selling price in these cities for prozone is atleast Rs.3500 ) , profit will be atleast Rs.1500 per sq ft . So for 132 lac sq . sale income will be 5000 crs and net profit will be 1995 crores , wow ...market cap of prozone is 600 crs and it will earn 2000 crs. Valuation of prozone needs to be done on these parameters . you can confirm these numbers by visiting website where prozone investor presentation gives regular updates every quarter . Intu properties is UK based REIT . At 2000 crs profit in 2 years and 270 crs annual lease income prozone is screaming atleast 10 x multibagger .

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