Kamdhenu can be an interesting company.Indigo paints is valued at 7 times sales.It has sales of 950 crores.Even the loss making shalimar paints is at 3 times sales.Kamdhenu has around 220 crores sales.If their expansion plans to make it a 1000 crore company by 2026 works out it could fetch something similar to indigo .Also they have the steel business too.Lot depends on demand for paint.
Either ways demergers tend to unlock value.
Disclosure: Invested
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