@RocketMan
Bhagyanagar Industries is hitting upper circuit from few days with a huge buying demand.
I just wanted to understand that will it have any effect on the listing price of tierment ltd.?
Both companies are now fundamentally different, and each will have its own price discovery.
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As per the Email communication from BIL-
APPORTIONMENT OF COST OF ACQUISITION OF EQUITY SHARES
For the purpose of determining the post demerger cost of acquisition of equity shares of the Demerged Company and Resulting Company, you are advised to apportion your pre demerger cost of acquisition of equity shares in the Demerged Company in the following manner:
Please note that this communication pertaining to cost of acquisition is merely for the general guidance of the shareholders and should not be considered as a substitute for any independent opinion that the shareholder may obtain.
This will also be useful for Income tax purpose fo computing Lt/ ST gains/ Losses
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600 cr + is the probable fugure now, especially after the recent announcement of sale of 7000 sq. yd for 60 cr. This is what AI says:
The aggregate estimated market value of Bhagyanagar India Ltd’s three central Hyderabad land parcels is conservably pegged between ₹200 crore and ₹300 crore at circle/guideline rates. However, transaction data shows the actual commercial market value is significantly higher. [1] (Bhagyanagar India Ltd. Share Price Today: Live updates), [2] (Bhagyanagar India Ltd Q3FY26 Earnings Call Summary | StockScans), [3] (Bhagyanagar India Ltd - Copper Recycling Play), [4] (https://scanx.trade/stock-market-news/companies/bhagyanagar-india-signs-60-crore-land-deal-om-sree-builders/53358883)
1. Uppal Land Parcel (Total Area: ~20,080 Sq. Yards)
The true market scale of these assets was established via a hybrid Memorandum of Understanding (MoU) signed with Om Sree Builders and Developers LLP: [1] (Bhagyanagar India Inks Rs 60 Crore Uppal Land Sale Plus Development Pact | Tijori Alerts), [2] (https://scanx.trade/stock-market-news/companies/bhagyanagar-india-signs-60-crore-land-deal-om-sree-builders/53358883)
• Outright Sale Portion (1.50 Acres / 7,260 Sq. Yards): Valued and sold at ₹60 crore upfront.
• Joint Development Portion (2.65 Acres / 12,820 Sq. Yards): The company retains a 30% share, translating to roughly 3 lakh square feet of developed space. Given that management cited eastern Hyderabad commercial/residential land square-foot values hovering around ₹10,000 per sq. ft., this development share alone holds a projected market value potential of ~₹300 crore over the project lifecycle. [1] (Bhagyanagar India Signs Rs 60 Cr Land Deal in Hyderabad - Equitypandit), [2] (https://scanx.trade/stock-market-news/companies/bhagyanagar-india-signs-60-crore-land-deal-om-sree-builders/53358883), [3] (Bhagyanagar India Inks Rs 60 Crore Uppal Land Sale Plus Development Pact | Tijori Alerts), [4] (Bhagyanagar India Ltd. Share Price Today: Live updates)
2. Nacharam Land Parcel (~4 Acres)
• Estimated Value: Consisting of roughly 4 acres of highly core industrial/commercial real estate in Secunderabad’s industrial zone. Based on standard commercial rates in Nacharam, this plot adds an estimated ₹100 crore to ₹150 crore in baseline value. [1] (Place Viewer)
3. Hardware Park Land Parcel (~5 Acres)
• Estimated Value: Located near Hyderabad’s high-growth airport corridor, this 5-acre block carries premium institutional/IT development value, contributing a baseline market valuation of ₹80 crore to ₹120 crore.
Balance Sheet Disconnect
• Book Value vs. Real Worth: While the combined commercial market value across all three plots likely hits ₹500 crore to ₹700 crore upon full monetization, the residual company’s net book value for these assets (plus its 9 MW windmills) is listed at a mere ~₹30 crore. This reflects historical acquisition costs rather than modern real estate values. [1] (Bhagyanagar India Ltd Q3FY26 Earnings Call Summary | StockScans)