This is big negative… Only value here is land … Can someone please confirm the value of land Surendranagar, Gujarat. There is no other value here… and get the stock @830. discount to market…
I check 1 more thing on KP group website, they have 35 companies in total… Also, they are doing hybrid in KP Green. Why do they need KP energy?
There are clear signs of CG issues… Lot of things are unanswered here.
- why do you need 35 companies? tax / debt / etc…
- His political linkages / influence is very high in gujrat. I doubt they will be able to replicate the same in any other state. Thats why in concall also, he didnt answered that question that y they are able to go much better than peers
- IPP revenue model – seems extraordinarly good. so good to belive for long term or outside Gujarat.
They can do exceptional well in Gujrat and target shared by mgmt are achievable in Gujarat. what they have build is commendable but again i might not have all the knowlege to give concreate opinion.
I feel you can ride on the bull market to make some qucik bucks but keep caution. This is my personal opinion. I can have divergent view going forward. This is as per my reseach till date.
Disc. – no positions
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