Yes, it’s a painful hold. I have been holding at an average of Rs 40 for the past 2 years. Average has come down because I was able to buy more recently at Rs. 12 per share.
Their housing finance biz has raised INR 190 cr recently for 25% of the biz and is well capitalized. I watched an interview on youtube where the CEO said they were looking to sell similar stakes in their microcredit and SME lending arms. But this was pre-covid.
The company is not investor-friendly in the sense that there are no investor presentations or conference calls. Minimal disclosures and opaqueness of management makes the company hard to value.
Hopefully things will start to improve.