1. At a Glance
Once upon a time, it made peroxides. Now, it “invests.” Naperol Investments Ltd (the reincarnation of National Peroxide Ltd) is technically in the investment and lending business. But behind that mild-mannered description lies a ₹1,200 crore balance sheet with ₹1,062 crore in investments—more than its own market cap. Is it undervalued or just underwhelming?
2. Introduction with Hook
Imagine a company that owns assets worth more than its own market valuation—like someone owning a Lamborghini but hitchhiking to work. That’s Naperol Investments for you.
- Book value: ₹2,041 per share
- CMP: ₹1,070
- Market Cap: ₹615 Cr
- Value of investments: ₹1,062 Cr
Clearly, either the market’s drunk or Naperol is hiding something in plain sight.
3. Business Model (WTF Do They Even Do?)
After a Scheme of Arrangement in 2023, National Peroxide Ltd was carved into three avatars:
- Naperol Investments Ltd – the investment and leasing company
- NPL Chemicals Ltd – the manufacturing unit
- Residual National Peroxide – the courtroom drama veteran
Now, Naperol’s core business is:
- Managing long-term investments
- Leasing activities
- Corporate lending (if and when it feels like)
So, no actual operations—just
