I no more hold NDL but here are my two cents.

Dolly khanna's purchasing price is most probably from 60+ levels as I had purchased the stock before any big name was involved with the company. If I recall correctly, DK first appeared in the SHP in march 2015.

The big issue here is the debt levels. Also the business is quite capital intensive. One can own it purely on basis of growth potential but expecting rerating from these levels seems a little far fetched.

Disclosure:- held NDL in the past from 57 levels. Booked around 170 levels. Do not consider this as a recommendation to buy/sell

No idea Aditya. I don’t track the company. But just in reviewing the standalone and consolidated EPS:

1. Barring the last year (’15), for the rest of the years the consolidated EPS seems to be higher than standalone EPS and

2. The anaemic growth is apparent whether seen in standalone or consol figures.

thanks Abhishek for the clarification.
After the announcement in Apr 2015 regd issue of warrants I stopped tracking the company.
I agree that issue of warrants at 200 to non-promoter is a green flag.
However, there must be something wrong with the FII Polus Global to subscribe to warrants at Rs 200 when the stock was quoting at around Rs 130 in Sept ( and at lesser price prior to that) . Why not buy from open market ?

Ranvir - I am not based in India so I cannot tell. But I have seen quite a few of their outlets in Mumbai and Delhi - all at prime places. Rentals are likely to be much higher than your estimate (but so could the revenues). Even generally, Tata global’s (consolidated) EPS has been the following:

2007: 7.5 2008: 24.9 2009: 11.3 2010: 6.3 2011: 4.1 2012: 5.8 2013: 6.0 2014: 7.8 2015: 4.0

They have outstanding shares of 63cr. Even with your profit estimate of 150cr. (in a few years) for Tata Global from the Starbucks franchise, that will hardly move the needle by Rs 2.5 per share. In a company that hasn’t shown any EPS growth over the last few years, just this alone doesn’t look like a very compelling reason to invest - just looking at the numbers.

The string itself suggests that this is a discussion on your portfolio, so obviously it is entirely your call but all investment must be done with full DD.

Best.

Well how god or bad greed is...just one coverage and UC for stock...WOW