I fully agree with your views. TGV has never given any dividend. All along they have managed it as a private business. Their track record shows that they have no business to be a listed company. All communications from the company is one-sided. No investor presentation or Con call. After so many years, out of 300 cr NP, they are paying 4 % as dividend, out of which 60% goes to them. At the same time they are taking good remuneration as a percentage of turnover and not on NP. That is why this company is available at such pathetic valuation, less than its turnover.
It is high time learned people in this group should take up the matter from shareholders point of view so that promoters take notice or go for delisting.
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