These guys are really killing it with their equity investments. They have invested abour 564 Cr over the last 8 months or so (Excluding the investment into NSE) and they have had about 50% absolute returns so far, excluding dividends.
I think the last quarterly report only showed the income statement. I wonder if the equity investments is really getting priced in. Does anyone know if the book value on screener etc would be adjusting for the equity investment gains? If not, I expect a nice pop when the balance sheet does get disclosed.
This is the last balance sheet from 31st March:
Add about 250 Cr of earnings over th last 4 quarters to the current assets of 1993 Cr, 225 Cr of equity gains, at least 30-40 Cr in interest on bank deposits, and you get to 2500 Cr of just cash + equity.
@Ketan_Chheda @Nitin_Garg @remi
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