The valuation, purchase cost and profits of the IPL team are not clear. The company has diluted it’s equity by a significant margin. FSL profits are stagnant and it’s multibagger venture exits are not trickling down to shareholders. Also the debt quotient is increasing over previous periods and at an all time high. FMCG is still not reliably profitable. The operating profit is 289cr but profit attributable to shareholders is 0.15cr.
The stock price has rightly corrected from 1100 to current levels and may test further lows. The promoters need to work on clarity and governance here. None of the Stocks from RPSG group is properly valued and this should be a concern to shareholders.