I invested back in 2020. Here take a look at the snapshot from annual report of fy21 and fy22. looks like the intercorporate deposit is repaid. But the money on their balance sheet is there for long time. Market doesn’t like idle money on balance sheet (source: the thoughtful Investor by basant maheswari). It’s evident from the low price to book value ratio market is giving it for long time.
| Subscribe To Our Free Newsletter |
