Cafe Coffee Day – Will you Date?

I calculated BOOK value and it’s coming around 7rs and 2rs, there’s a loan of 2,288crore to MACEL and 1,055crore advance although these are shown as current assets but the amount is totally unrecoverable as stated by SEBI too, and the goodwill shown at 360 crore is shown as 2019 value as stated by auditors of the same coampny.

so if you make the loan adjustment, book value will come around 52rs
if you make adjustment for advances as well as goodwill (-50%) than book value will come around 2rs.

These all are tactics applied by companies to show the books as full of value but inside its something else.