If you are looking at financial statements then operating cash flow less interest is the most reliable number to assess the health of the co as good cos generate good cash flows. For reasons not very clear to me interest expense is part of cash flow from financing even though it’s a part of business operations so you will have to take that out from there and deduct it from CFO.
Book value is also a good proxy but some of the figures on the balance sheet are hard to understand so the simpler way is to rely on cash flows
Pre Sales number and average realisation in Rs per sqft that is disclosed in investor presentations is what everyone tracks and gives a good sense of what’s happening in the co
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