Wouldn't Nesco be a better bet, considering that they too are in the process of setting up another IT tower. Plus they have plenty more land to pursue similar developments in the future. Although the management may not be as great as GIC Singapore. Look forward to your views.
Very interesting analysis. Nirlon seems to be well poised to do better with its new leasing contract with JP Morgan. I think also Covid would not affect the business very much as it would be the break of contract. Basically, it is a contractual business and a sticky type one as the customer once establish their counters/office, they will not move easily. Now the question is if the contract is not renewed or any dispute of the land. I have very little knowledge of the present valuation and whether one should buy at this price or not. It would be better if you do a comparison between Nirlon, Nesco, and its competitors and come up with a fair valuation. Well researched and a very well-written topic. Thank you Ankush for doing such thorough research.
Wouldn't Nesco be a better bet, considering that they too are in the process of setting up another IT tower. Plus they have plenty more land to pursue similar developments in the future. Although the management may not be as great as GIC Singapore. Look forward to your views.
Do you see 3 years down the line,Nirlon giving 50% of cash flow as dividend which would be in the range of 30 Rs.
Very interesting analysis. Nirlon seems to be well poised to do better with its new leasing contract with JP Morgan. I think also Covid would not affect the business very much as it would be the break of contract. Basically, it is a contractual business and a sticky type one as the customer once establish their counters/office, they will not move easily. Now the question is if the contract is not renewed or any dispute of the land. I have very little knowledge of the present valuation and whether one should buy at this price or not. It would be better if you do a comparison between Nirlon, Nesco, and its competitors and come up with a fair valuation. Well researched and a very well-written topic. Thank you Ankush for doing such thorough research.