• Bandhan and Gruh Merger Valuation

    This blog post has two sections – In the first section, we value Gruh Finance separately (before merging into Bandhan). We have analysed and valued Bandhan separately here (in our previous blog post). In the second section, we value the merged entity and estimate the value of synergy to assess if Gruh’s pricing as per…

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  • Bandhan Bank Valuation (just prior to merger with Gruh)

    In this blog post, we have assessed the key fundamentals of Bandhan Bank just prior to its merger with Gruh Finance. Using Discounted Cash Flow valuation with latest reported numbers from Sep’19, we have estimated an intrinsic value of Rs. 495 per share, making the Bank slightly overvalued before the impending merger. We have also…

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  • TCS Stock Valuation

    The objective of this blog is to analyze TCS fundamentals and estimate a fair value per share. Please note that this valuation was done on 4/29/2019. Just as a manufacturing company invests in building new products/plants, a service company such as TCS invests in up-skilling (learning and development) its existing employees and recruiting new talent.…

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  • Virinchi Stock Valuation

    The objective of this blog post is to analyze the fundamentals and value the 3 lines of businesses of Virinchi separately and estimate a consolidated Fair Value Per Share. Any opinion expressed in this blog post is solely my own and does not represent views of my employer. Moreover, this stock valuation should not be…

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