Assam Entrade Limited (ASSAMENT.BO)

Assam Entrade Limited (ASSAMENT.BO) — VMCI valuation read

Headline read on ASSAMENT.BO: VMCI of 44/100 versus a Financial Services sector median of 50. The 6-point below-median position is what makes Assam Entrade Limited a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on ASSAMENT.BO: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on ASSAMENT.BO: value (ASSAMENT.BO trades at 15.0x earnings, 17% below the Financial Services median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Financial Services median (10.0%)), and risk (net debt to EBITDA of -1.7x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Financial Services 12.0x baseline.

ASSAMENT.BO fell 3.4% over the trailing 7 days, with a -7.8% read on a 30-day basis.