India bulls Rela Estate bought 10.77 acre NTC mill land for apox 2100 crs.
ie apox 195 crs per acre. and still expects to make a profit out of this.
Now Shree Ram has 17 crs of which 6.9 acre are being developed now . Land is almost free since purchase long long ago. Rest of the land will be either sold of developed.
So the value of Land alone being 17 crs * 195 = 3315 crs
Nof if 30% return is expected if land develped = 17*253 = 4301 crs
Market cap now = 580 crs.
Can this stock go 7.5 times (4301/580) in next 5 yrs ?
if yes - its a CAGR of 50%