Here’s a challenge. Using the five clues below, identify the company that is being talked about here.

1 I am completing 30 years since my listing this year.

2 I have more than a dozen subsidiaries in several continents in a highly-regulated industry that require complex accounting methods while consolidating the financials and hence had to report a net loss for FY23.

3 Despite a single-digit compounded growth in sales and operating profits over the last 10 years, I get valued at triple-digit PE multiple.

4 My market capitalisation doubled over the last one year before the recent decline though my Return on Equity has been below the five-year average of about 5 per cent over the last three years.

5 A few months ago, I diluted equity further to prepay debt that reduced promoter holdings below 50 per cent. My chairman family’s request to reclassify his family as public instead of promoter got rejected by the stock exchanges.

Last week’s stock: Technocraft Industries (India)

Last week’s winner: Jass Saini

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