This is trading @80-90x FY16 while the promoter seems to be acquiring companies left, right and centre. They have projected only 15% organic growth so acquisitions should continue to justify these valuations. I am still not very convinced about Kellton’s overall strategy. Could anyone explain what causes cost of material as negative? All ISMAC players are trading at astronomical valuations attracting circuit filters. It would be great if someone can share AGM notes.
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