Equity capital is only 20 Lakhs. Due to small equity the price is too high. Reserves are 11k Cr. Market Cap 5 Cr.
Just like MRF.
ELCID INVESTMENT HOLDS 2.95 % STAKE IN ASIAN PAINT. ELCID owns two wholly-owned subsidiaries: Murahar Investments & Trading Co Ltd and Suptaswar Investments & Trading Co Ltd. These subsidiaries hold 0.60% and 0.68% stakes, respectively, in Asian Paints.
➥ Elcid Investments holds around 4.2% of Asian Paints, which was valued at approximately ₹12,664 crores.
Asian paints current market price is 3000 ... So 1 SHARE OF ELCID IS WORTH 6.1 LAKH RUPEES... ELCID CURRENT MARKET PRICE IS 2.5 LAKH ... IT WILL EASILY DOUBLE FROM HERE
