One back of the envelope calculation on why I am currently keeping away
Assuming 4000 stores after a year, assuming 4 Mn as average sales per store after the stores reach maturity in 12-18 months, top line may reach 1600 cr, with 10% EBIDTA – 160 Cr, assuming some depreciation, taxes etc, PAT may become around 110-115 Cr
It still does not deserve rich valuation of 6000 Cr (50x Profits which may be visible if Medplus is able to execute flawlessly during next 1/2 years)
Any view on these rough computations?
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