Thursday, 30 March 2017

CREST VENTURES -
Highly undervalued ,Expansion In Real Estate , Diversification in Financial sector.

Cmp - 179
M CAP - 465 crore
PAT - fy 16 - 37.19 cr
Pe - 10.21
Promoter holding- 65 %
Core group holding - 75%
Recently raised 43.4 cr from Right's issue.
Real estate play and going aggressively into financial services .
Vikram kotak joined their wealth management subsidiary and picked up 4.5 % stake in oct 2016
@ 70 /-
They will be getting a housing finance license soon and have big plans for financial sector .
Company have 40% stake in edelweiss fund management which is a subsidiary of edelweiss financial .
Heard that their subsidiaries are worth more than 1000 crore .

As they were the developers and jv partners for Phoenix market city Chennai and palladium mall chennai
The have stake in the properties and receives healthy rental income .
Rental annuity income of 70 -80 crore is expected in next two financial years ..
they have various completed and ongoing residential and commercial projects.
Company have sizeable land bank in various cities which they hold through the subsidiaries .
promoter increased shareholding by 8 % in Dec quarter  and it is seen that a big accumulation is going on. 

3 comments:

  1. Hi Sir, any new stock for April ? your findings are really good.

    ReplyDelete
    Replies
    1. Hi Venu
      working on few stocks will publish once the work is complete.

      Delete
  2. OK Sir, Thanks for the update.

    ReplyDelete