Indiabulls Housing - A compounder from here?

Yes, it will be bonus but I would not consider it in my investment thesis as sep 2020 presentation, they mentioned that we should have received 58 rs as dividend for FY24. This is why it trades at half of book value and if you see they also use creative accounting for writeoff as they move money to reserve then debit to write-off hence not in PnL. You can see how they did for AIF.

disc: holding it in my portfolio.