@Mukunda_Chettri@bimeshsht Sorry to interrupt but isn't mandu or super madi cheaper compared to GVL and its fundamentals?
I think you are biased on gvl saying its undervalued compared to peers.
Even SMHL has a similar capacity and mandu too considering its new unit and the share of investment.
@Keval_IM There name is no where to be seen, There promoter which merged with their subsidiaries and investment co. so due to the cross holding thing, they have few shares of NSE indirectly which might reflect in this year's consolidated report. I think you got confused maybe.
@Keval_IM How did you get the data about them holding NSE ?
Their corporate structure is very complicated.
As per report they also merged and gave subsidiaries to their promoter company in place of shares of the promoter company.
That promoter company holds NSE but the unit is not much.
@Keval_IM I couldn't find about NSE in kiran vyapar's annual report. I guess it's under unquoted investment. I did a rough check. If possible can you link me about the exact holding of the company?
@stokkinvesting If they are not able to generate meaningful returns then why not pass it to shareholders ?
If the cash is not used wisely its pointless to hold it rather than distributing.
@nileshkurhade Cheap as per PB, But money is mostly in receivables and inventory. Also with reduction in liability still flat profitability.
How do you interpret this ?
Ipo was at 36 CMP 11