I just had a look at Maithan Alloy’s current valuation and it looks interesting. But I have a similiar doubt to Mayank’s post above – the company seems to have completely shifted strategies to become an equity holding company, mainly investing excess cash in PSU stocks. Also their disclosure is pretty poor – their latest Q1 2024/25 quarterly report doesn’t even have a balance sheet (the most basic of financial statements!). So, will wait and watch until the annual report is released. Hopefully will be clearer then.
For now, I’ve based the below calculations on Q4 2023 quarterly report. If I use conservative estimates, the stock should provide ~16% IRR at these levels. However, I will wait for disclosures on the latest balance sheet and equity holdings before deciding to invest further.
Disc: invested; potentially biased
Cheers,
Sharad
OpenSourceInvestor
| Subscribe To Our Free Newsletter |
