does anyone know in detail, company is paying around 700 Cr every year for IPL , How to evaluate IPL Business, is It profitable, how it will going forward
Posts tagged Value Pickr
Corporate Fraud/Misdemeanor – Public Domain – India lessons (26-05-2024)
Thank you. Came across a similar case Time medical company taking over a laboratory chemical company viz; Fischer Chemicals. Something unusual happening a Singapore based MRI machine manufacturing company entering Indian markets through a Listed company Fischer Chem that sell laboratory chemicals and totally unrelated to MRI industry. This reverse merger story is intriguing. Please share your thoughts. Thanks
Corporate Fraud/Misdemeanor – Public Domain – India lessons (26-05-2024)
To save tax.
They had manipulated it’s stock also price after buying a company named Manvijay Development Company. They have started dumping it recently.
Time technoplast (26-05-2024)
Insider selling at high valuation is and indicator. PE of 20 is too high for such companies. It is not a software company/ brand company whose sales can multiply. There is competition also.
Corporate Fraud/Misdemeanor – Public Domain – India lessons (26-05-2024)
Thank you that was insightful. Also wanted to understand why a company will under report profit? Saw some political big shots at the opening ceremony of Wardwizard innovations which has exactly same promoters as that of the food company.
Corporate Fraud/Misdemeanor – Public Domain – India lessons (26-05-2024)
Wardwizard food have some fast food and beverage related business. If they had listed their business via an IPO route, there would be some scrutiny and appropriate valuation would be provided. But they listed via indirect listing by acquiring a company and manipulating it’s stock price to absurd level, investors buying at high levels will be stuck till the fundamentals improve to that level.
They may be under reporting profits as Income tax department raised their group office few months back. Although no qualified opinion was made in the limited review by the auditor.
DroneAcharya Aerial Innovations – a new age business (25-05-2024)
How do you see the financials, specially the quality of profits.
While the company has positive Net Profit, but the cash flow from operating activities is negative.
Is a PE of 48 justified because looks like the company is not very technically sound, mostly training(they hire mostly in sales roles)?
Also stock is around 40% down from top.
