Normally, Current Market Price need not justify Current Total Sales.
It is already a known number.
When current price looks expensive, it actually expecting higher sales growth in future.
Some points what I observed on available data…
IPO was in 2018, Annual Sales growth prior to IPO was in range 30-50%, But after 2018, FY19, FY20 sales growth was negative.
FY21, FY22 it clocked 40%
If same pace maintained, then CMP seems ok.
CMP is assuming the pace would be maintained for coming quarter.
Debt= zero
FY21, FY22 sales grew as well OPM% improved
Promoter has increased holding to 59.71% from earlier 58.51%
Year 2018 IPO [at Rs 57] was subscribed 74 times, listing day stock price was Rs 89.
Problem is very low volume, there are no buyers even if prices drop significantly, no sellers even if price rises significantly intraday. So, 20-30% swings can be a normal for such stock.
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