Delisting and Relisting: TPL was delisted from the stock market for several years. It relisted in April 2023, but due to regulations, the initial price was set at a low 30 paise.
Court Case Victory and Land Acquisition: In 2017, the company emerged victorious in a significant court case, leading to the acquisition of approximately 25 acres of land near Bengaluru. The current estimated value of this land is a staggering Rs. 3,000 crore.
Market Capitalization vs. Land Value: Even at Rs. 50 per share, the company's total market capitalization is only Rs. 22 crore. However, the land alone is valued at Rs. 3,000 crore. This significant discrepancy suggests a potential undervaluation of the stock.
Debt-Free Company and Future Investments: TPL is currently debt-free. Additionally, the promoters are planning to infuse Rs. 1,000 crore through a preferential issue, which would increase their stake to 75%.
A Word of Caution: