Posts in category All News
Vedanta Group biggest wealth creator in FY25 so far; adds over Rs 2.2 lakh cr in market cap (20-06-2024)
Sebi tightens norms for IPO price discovery to curb manipulation (20-06-2024)
S&P 500, Nasdaq open higher on Nvidia boost (20-06-2024)
Will Bihar govt go for immediate appeal in SC: Congress after Patna HC strikes down quota hike (20-06-2024)
Piccadily Agro Industries Ltd (20-06-2024)
A new IPO has hit the market - Allied Blenders & Distillers Limited.
The company is being valued at 7600cr and has an EBITDA of about 200-250cr, with an EBITDA margin of ~7% and growth rate of 10-15%. (source: ABDL’s DRHP Pg 328)
Compared to this, Piccadily Agro, based on Q4 numbers, has an annualized EBITDA of 250cr, EBITDA margin >30%, growth rate >40%. Yet, its current marketcap is 7000cr - less than ABDL!!
Clearly, Piccadily Agro is extremely undervalued on market comparables basis.
Private equity firm Olympus to sell upto 10% stake in Aster DM Healthcare on Friday (20-06-2024)
Dynemic Products (20-06-2024)
In recent con call of Vidhi specialty, they didn’t mention Dynemic products as their competitor. Is there any significant difference in their products ?