average entry cost: ₹24.78 per share
time period of buying: july 2024 & march 2025

exit period: na. will update when exited.

reasons of buying this company:

market cap ~ ₹300 crores

price to earning: 13

sales > market cap (mostly can happen in retail business as turnover is always high but for a well managed company, market cap/sales is over 1)

huge dilution through renowned investors (madeka family [rolex ring]), diluted market cap of ₹700 crores

₹197 crores of reserves with ₹50 crores of free cash and ₹250 crores of free cash is coming in the next 18 months through warrants

total retail space of a little over 1million sqft

sales and profit growth of over 50% over the last 3 -5 years

stock price hasn’t appreciated a lot due to some managerial issues with the company which the first time promotors are working continuously to fix