I will endorse your views as i am also holding this for 4 years now, we need to keep holding and see value emerging after demerger. Lifestyle will get a good traction and valuation. I still believe post demerger combind market cap may be in range of 40-50 K INR. Demerger is in a right direction to create shareholder value. Debt levels have reduced to 2700 cr. Debt split may be between 35% and 65% after demerger where ABFRL will hold 65% of debt. ABL balance sheet will be clean and with future Sales of 10000 cr with EBIDTA margins of 14% -16%. Fair market cap may reach 28-35 K. ABFRL may be valued at 8-12 K market cap. Ethnic portfolio will do well for ABFRL.
No doubt we may see further demerger to seperate ethnic portfolio including TCNS, Tasva, Sabyasachi, Masaba, Jaypore, N&S etc.
I will still give this a chance till Dec 24.
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