The demerger will help in finding the value of the crane & hoist business. I have checked the Balance sheet. The investment value in Bajaj Finserv, Bajaj Auto, Bajaj Electric and Bajel projects as of March around 680 crores, and investments in MFS and equity makes upto 900 crores. However, the value of these investments can’t be realised as they are not going to sell anything. One can expect a regular dividend based on the cash flows from investments. The cranes and hoist business valuation can be made based on the revenue. I think there’s no moat for the business.
I believe, all the upside is captured in the current share price.
Disc: I don’t have any holdings.
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