Mahindra Holidays is a company which sells vacation ownership for 7 days per year for 25 years – also known as timeshare. The company earns revenue from one time admission fee plus annual membership fee over the period of 25 years. In addition, it earns revenue from selling food and beverages at its resorts. The business has a market capitalization of INR 2,600cr. They have total assets of more than INR 6,000cr. Out of this 6,000cr, they have land + other fixed assets + receivables + cash of 4,309 cr. Out of this, they have land + receivables + cash of 3,438cr. Out of this they have land + cash…