As per my view and study, The company is a closely held company under the disguise of a Public Ltd Listed Company…The Shareholders mostly would be part of the same group or known to each other. But follow this company sir, Since this is a goldmine.
I am waiting for any of the shareholder to public sell his share through exchange so that the float and iquidity increases…
If it happens, I would go all out to buy more shares because of the value propositions this company offers
Positives :
- Deeply Deeply Undervalued…If Bought at the current price and the liquidity increases this might be a multibagger (Maybe a 20-30x) P.S : Not at all exaggerating, Since the P/E stands at 0.08
- Decent Financial Parameters(ROCE,ROE, D/E, OPM%, NPM%, ROIC, PEG Ratio, P/E Ratio etc…), Eventhough there are companies with better financials in the same sector…nothing can be bought at this low price (Icing on the Cake)
- Book Value Stands at Rs.48 and the Market Price at a mere Rs.0.44…which is again another example of why its undervalued!!
P.S : Not an investment Advice (Just my Opinion)
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