1. At a Glance
NBI Industrial Finance Co. Ltd is a deep-discount NBFC that invests in listed equities and barely blinks. The company recently absorbed Western India Commercial Co. Ltd and still trades at 0.26x book value—a number so low, even Warren Buffett would raise an eyebrow.
2. Introduction with Hook
Imagine owning ₹11,000 worth of assets for every ₹2,800 you spend—and still not being popular at parties. That’s NBI Industrial Finance.
- Book value per share: ₹11,195
- Market Price: ₹2,856
- Market Cap: ₹844 Cr
Now add a twist: they just completed a merger and got slapped with a ₹7.91 Cr stamp duty demand. Welcome to the holding company circus—complete with undervaluation, zero liquidity, and surprise tax bills.
3. Business Model (WTF Do They Even Do?)
- Registered NBFC, regulated by RBI
- Core revenue: Dividend income, capital gains on equity investments
- Investment style: Long-term holdings in highly liquid, listed companies
- Strategy: Sit tight, collect dividends, avoid drama (except the stamp duty one)
- Recent Expansion: Absorbed Western India Commercial Company Ltd via NCLT-approved merger (effective 1 April 2022)
In short: they don’t do much, but
