I feel there is potential for the mcap to go up in the future.
they have deferred tax asset of 1.8k cr, investment in Shriram Fin worth about 4k (not considering investment in unlisted entities of Shriram group), the land in Andheri East (Mumbai) their value on BS has increased by 1k cr to 2.3k cr (Surprisingly no one asks the management about this land project on the analyst call). On the business front sequentially the income seemed to be slowing down and expenses increasing, is there any challenge in scaling the business.
The retail AUM is increasing, but not inflecting in the income, am I missing something.
Disc: invested from pre demerger days
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