Bombay Cycle
By
Research Desk
about 7 years ago
Bombay Cycle & Motor Agency is a part of the Walchand Group, having business interests in motor Car sales & services (Auto Division) and running restaurants (Hospitality Division). Its main business is Sales, Service and Repairs of Multi Brand Vehicles, which it has been doing for the last 90 years.
And it is only the parentage which gives the kind of valuation the share has on the bourses. Quoted above Rs.1300 (FV of Rs.10), the company’s financials are pitiable – topline is less than Rs,2 crore and net profit came in for the Q2FY17 at Rs.19 lakh.
The company is debt free, equity is very small at Rs.20 lakh. Reserve is at Rs.12 crore and cash is at Rs.9 crore. The Walchand family owns 72.46% stake.
1526.40 (+21.40)