📉 Consolidated Finvest & Holdings Ltd – B.C. Jindal’s Hidden Piggy Bank Trading at 0.6x Book

📌 At a Glance

Consolidated Finvest is an NBFC that doesn’t lend aggressively, doesn’t talk much, doesn’t pay dividends (until recently), and yet somehow posts81% profit CAGR over 5 years. It’s trading at a6x P/Eand0.64x book, despite belonging to the Jindal family tree. Value investors, assemble.

1️⃣ Intro: Meet India’s Most Boring 4-Bagger

This company’s business model is simple:invest in stocks, bonds, and Jindal group cos, sit quietly, and compound.

It’s a part of theB.C. Jindal Group, the folks behind:

• Jindal Poly Films
• Jindal India Thermal Power
• Jindal Photo
• And other low-key family entities.

The stock isup 4x from its COVID lowsbut is still trading at:

• P/E of 6.1x
• P/B of 0.64x
• And no one on CNBC has ever heard of it.

Let’s fix that.

2️⃣ WTF Do They Even Do?

🧾 NBFC Classification:Systemically Important, Non-Deposit Taking NBFC

🎯 Business Model:

• Invests inequity