” NED Energy Limited is a leading manufacturer of Lead Acid Batteries based out of Hyderabad & Bangalore Incorporated in 1998. The company has an excellent track record with an annual production capacity of 250 million Ah. NED Energy Limited is a Subsidiary of a leading Indian Polymer conglomerate M/s Time Technoplast Limited with Annual Turn-over excess of INR 4000 crore. The company covers a range of energy storage systems including LMLA flooded batteries which are manufactured by our subsidiary M/s Power Build Batteries Private Limited, Bangalore .

Power Build Batteries Pvt. Ltd. was established in 1992. We are a leading manufacturer of Tubular Lead Acid batteried and a certified ISO 9001:2015 & 14001:2015 organization. Power Build Batteries Pvt. Ltd, within a short span of time has earned a reputation in the stand-by power industry for exceptional quality and prompt service. Power build is an APPROVED VENDOR for INDIAN RAILWAYS for batteries for S&T application by RDSO and is a Part 2 supplier to Indian Railways.”

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Does the revenue generated by NED and Power Build get accounted for in TT’s books ?

How you calculated the valuation is stretched and risk-return is not in favour?

As per my analysis, for valuation, firstly we have to segregate the loss on manufacturing of project related OEM. Because, as per management only OEM other than project related is profitable. In project related OEM, company is selling the product below the cost of manufacturing and it will be profitable only after the commencement of O&M business, which takes at least 3 years to start. As per management currently project business is 20% of the total revenue. But how much cash company is losing in project business we don’t know because it is not separately disclosed in financial statement.
Without knowing it how can we value the company on price to earning basis?

The bank never had any promoters. The founder Samit Ghosh was selfless and never kept equity for himself or his family. The hold co. Was formed because of RBI requirements during SFB license in 2016.
Please read the forum, company’s history, annual reports, conference call transcripts before investing.

I think after the merger complete we could see . But what I think is that they might be within public zone and holding a portion after the amalgamation we could see a change in the structure.