If one assumes HFC ( low cost) to be valued on PE basis rather than PB, this looks even more undervalued.
With FY 16 expected to be bumper year due to above known discussed reasons, I estimate FY 16 EPS to be around 45 Rs, So for a steady business growing @ min 30 %, we can assign 30 PE, so it comes as around 1400, if one discounts FY 17 EPS as some analyst do in brokerage reports , fy 17 eps estimates is coming closer to 60, so it can be seen closer to 1800. I am aware this are lofty estimation, but its possible, we don't know what Mr. M decides, as it did with Gruh/Repco. They are valued on PE basis not p/b.

On p/b it looks fairly valued now, but can still grow@ 30/35 %, which is rare these days for any financials with NIL NPA.

@ayushmit, Catmaran fund has further raised its stake during last Quarter from 3.1 % to 3.6 %

Disc : invested and views are biased

Good to see a thread on Excel Industries. Have been going over the numbers for this co over the last 1-2 days. Just started with the research at my end.

Significant number of warrants were issued to promoter group company at issue price of 69/- on 24/09/2015 (face value 5 bucks, premium 64 bucks) - shouldn't this be a negative?

Gagan

I have a question after reading the annual report 2014-15.

Why TreeHouse need to invest in associate companies JT Infrastructure Private Limited & Mehta Treehouse Infrastructure Private Limited??

The Company has entered into a joint venture agreement with Jayshree Builders (‘JB’) to construct and rent a school building. As part of the arrangement, the Company and JB have agreed to equally contribute to the share capital of Mehta Treehouse Infrastructure Private Limited, a company in which both Treehouse Education & Accessories Limited and JB have equal share holding. The Company has a 50% interest in the assets, liabilities, expenses and income of Mehta Treehouse Infrastructure Private Limited, a company incorporated in India. The operations have not yet commenced.

I could not find any information about these companies. Can anyone throw some light on this?

@richdreamz,
please send me a mail to chaitanya.jasty@gmail.com along with your mobile number, so that i can share you the details.
I received a private mail from you, but i don't know how to send private message to you alone.

Stock seems to overvalued at this Juncture i keep away from this stock