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In Zerodha or CDSL in the portfolio it should show the listing:

Basically not assigned any value as it hasn’t listed but it will reflect in the holding.

I dont follow hotel stocks, neither do i follow this particular stock but just looked at the earnings of Kamath hotel, thers an other income source (exceptional items) for Mar2023 quarter and the amount is significantly high.

Remove that item from earnings
Recalculate the PE, you will get the actual PE

Added Exicom tele-systems.
It’s mainly lithium batteries for telecom, faster growth is EV charging. Lithium battery price is falling, can be possibly used for grid scale energy storage.

Exicom are related to HFCL, maybe part of 2g scam, they teamed up later with videocon, and also did some dubious transactions in share market leading to a ban by SEBI for some time.
They were likely not charged for 2g scam, they did help Reliance get into 4g.

I found the idea from write up by @akash_das, though I am being contrarian here.

So it’s like HBL power, except they mainly do lithium batteries while HBL just started working on new project to make them, EV charging looks ok which can grow faster.

Reduced mainly KPI green since it’s likely peaked for a while, also from Ugro and the other financials Satin and Arman etc.

DISCLAIMER : this is not investment advice, I am not a sebi registered investment advisor, please do your due diligence before investing.

Are valuations supportive, I always struggle to value businesses, listed recently, coz there aint much of a history, available in public domain.

Once next few qtrs come in, ill feel more comfortable to value it, but in the mean time bit impulsive, to jump in.(FOMO)

I kind of am keen based on high prospects, growth ROCE, and expansion management is guiding for.