From TV Interviews of BEML Management, its mentioned that the primary assets of BEML Land assets Ltd will be 124 acres of Land in Bangalore and 401 acres of Land in Mysore & some insignificant guesthouse etc building properties. Does anyone know, specific locations of these assets in Blore & Mysore, so that we can arrive at approximate value?
At today’s price @200 rs (Mcap 838 cr), we will need 80% discount for proper margin of safety. For that, the land valuation needs to be: 838×5 = 4190 cr
If the Bangalore property is inside the city (i.e CV Ramannagar): 124×20 cr = 2480 cr
If the Mysore property is inside the city (i.e. Hebbal): 401×4 cr = 1604 cr [pure guesstimate]
Total: 2480 + 1604 = 4084 cr
The risk being that the govt had to demerge it to take the divestment in BEML forward, these Lands have become obstacle in disinvestment process? Thus monetizing the land itself may not be feasible in near or far future?
Another risk being, since these lands are unused for long, it seems, they have become like forests. There might be lot of protests, if monetization of these lands is initiated.
The third risk being: Hopefully, they will get the title deed of the Mysore land by paying the money directed by the court. Hopefully, they do have clear deed for Bangalore property.
The fourth risk being: The balance sheet is not out yet. So, we dont know, how much liabilities are shared.
Discl: 2.5% of PF @200.5 rs. Biased. Plz do your due diligence. Not a registered SEBI advisor.
Feel I should have waited for another 20% correction before jumping the gun. 
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