How to think of Valuations ??
Market Cap = 1500 Crore + Borrowings of 250 Crore = 1750 Crore EV
Gross Block of Cranes in books = 1500 Crore
So technically, undervaluation is over.
We are now playing for scarcity. As in, there will be scarcity so old assets will be able to get higher yields till time new cranes dont come on field ?
Is scarcity really there ?
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