1. At a Glance – Tiny Market Cap, Giant Book Value, Wild Quarterly Swings
Market Cap: ₹252 Cr.
Current Price: ₹2,525.
Stock P/E: 25.
Price to Book: 0.19.
ROE (Last Year): 3%.
Debt: ₹234 Cr.
Promoter Holding: 73.6%.
Q3 FY26 Revenue: ₹138 Cr.
Q3 FY26 PAT: ₹-11 Cr.
Q3 FY26 EPS: ₹-79.30.
Let’s get this straight. This is a company with a book value of ₹13,064 per share, trading at ₹2,525. That’s 0.19x book. On paper, it looks like a discount sale at a Diwali mela. But then you look at Q3 FY26: revenue of ₹138 Cr and a net loss of ₹11 Cr. EPS? A solid negative ₹79.30.
Sales grew 7,033% YoY this quarter. Profit fell 174%. That is not volatility. That is Bollywood-level drama.
Is this a hidden treasure chest? Or just a portfolio that swings like India vs Pakistan in the last over?
Let’s investigate.
2. Introduction – The Investment Company That Invests in… Investing
Naga Dhunseri Group Ltd was incorporated in 1995. Officially, it operates as an investment company.
Unofficially? It is a publicly listed vehicle that buys shares, earns dividends, books trading gains, and occasionally reminds us that markets are not linear.
It is registered as a Non-Systemically Important, Non-Deposit Taking NBFC. That means it doesn’t take public deposits. It invests its own capital.
