Thank you… Was going thru the annual report could notice only investment property
increase in receivables
Professional charges increased 3 times… Any comments/points noticed from ur end ?
Disclosure :invested
Hi Investors,
I too have doubt in this…Why are they investing so much in properties…Do anyone have wisdom in it…
We have the answer now why they were buying properties!! They launched another company in real estate and are collaborating with Kanchi. Unless you know the promoter, it has become hard to track this company now.
3 Likes
Stock price is keep falling…Is this because of material cost price
The management brings a “Special resolution” on the table to keep the “Excess payment due to inadequate profit”.
Unethical, at best.
3 directors get to keep 20% profit of the company.
2 Likes
The stock has a cash reserve of 25% the market cap and properties (including property in inventory) worth more than 30% of marketcap. Why does it trade at such a low valuation? Does it imply that the stock is trading at a heavy discount now? Also the promoter have been continuously increasing the holding since past 5-6 years now.
After Mangalam organics results, do we expect similar kind of results from Kanchi also? Promoter buying is also visible in Mar 2025.
@reacharjunr @vikas_sinha or anyone else, can you please help me understand why does the company trade at such low book value, maybe they are trying to diversify because they are not seeing growth in camphor. The assets they hold looks very solid for the company to trade at 0.75x the book value. Given the company has not made loss in last 10 years. Is it just because growth is not visible in last few years?