#valuations #GodrejProp
Godrej Properties, Consol. Networth
March 2009 Rs 299 cr,
March 2019 Rs 2469 cr
change Rs 2170 cr
Securities Premium (on account of capital raised)
March 2009 Rs 148 cr
March 2019 Rs 2695 cr
Change Rs 2547 cr
Godrej Properties, Consol. Networth
March 2009 Rs 299 cr,
March 2019 Rs 2469 cr
change Rs 2170 cr
Securities Premium (on account of capital raised)
March 2009 Rs 148 cr
March 2019 Rs 2695 cr
Change Rs 2547 cr
In 10 years, Networth change < Capital raised, meaning company has lost money for 10 years. It has reported profit every year but then there are adjustments to PAT! Net effect - negative earnings for 10 years.
Not paid dividend after March 2015. Has raised capital every 2 years. I havent included the latest raise of Rs 2100 cr in June 2019.
Yet trades at mind numbing valuations of almost Rs 24k crores.
Yet trades at mind numbing valuations of almost Rs 24k crores.
As they say, markets can be irrational longer than we can be solvent.
And I thought markets like companies with FreeCashFlows #sillyme
#GodrejProperties I am not recommending buy/sell. Please do your own analysis. I havent commented on business or its potential. I twitted this because markets seem to like cos with free cashflows and not like companies which raise capital regularly.
