GeeCee Ventures Limited (Formerly Gwalior Chemical Industries Limited) is into Real estate Development, NBFC operations and security trading.
[In August 2009, as a part of diversification strategy adopted by the Company, it sold its main manufacturing unit at Nagda, Madhya Pradesh to Lanxess (India) Pvt Limited, a subsidiary of German multinational Lanxess AG. Post the transfer of the Chemical Business the name of the Company name has been changed to GeeCee Ventures Limited]
Company operates in following segments:
Historical financials are as below:
Investment rationale as as below:
Other sanity checks:
Risks:
- Company not sharing the wealth with investors through bigger dividends and buybacks
- Upcoming Real estate projects may not do well
- Company may incur losses on their equity investments
Disclosure: Invested @ 95 Rs/Share
Views & criticism invited!