Hi
@ Agarwal
Here PE ratio is not the only criteria to ascertain the margin of safety..
The company made huge capex for development of niche products by availing term loan.The annual financial cost Rs18/-crores. forms major part of exps. Product wise .it is the best company in India command excellent brand value in India and abroad.
As against the market price of Rs.50/- the BV is 111.
The bottom line and top line will improve on revival of economy.
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