Looking at the company and financials I am wondering how is it being valued at 1000 Crs. There was a kabbadiwala in Central Delhi (Connaught Place) who had a turnover of ~20ish crores back in 2010. Maybe I should find him and tell him to file an IPO for 2000+ crores now
This firm looks more like a “dhanda” than a proper enterprise and is valued at 1/6 of Gravita with a 100 time less sales. The “dhanda” part would also explain why their margins are so high as they might be operating as part of the informal sector.
Thoughts on why this “dhanda” is being covered so extensively?
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