Hi mods – we are just involving in a healthy debate.
You are right, I used FY15 EPS of 4.5. 131.5/4.5 = 29.2.
In my original post, I have also estimated the FY 16 EPS as 5.85 (so I’m looking into FY16 as well).
2 points to extend what I wrote on my original post,
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On FY16E EPS, at current prices, PI Industries is at 26 PE, Repco is at 24 PE, Granules is at 22 PE. So I felt at these valuations the other 2 stocks are making more sense for the reasons mentioned above. My opinion!
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While I wrote FY16E EPS in above point, we only have results of 1 quarter for FY16 and calculating completely on FY16 PE might be a bit over the board while I agree that we should look forward in stock markets and I agree to your point on this.
That’s it and I really would like to know your opinion on GRANULES investment case so I can dig further, so please put your views.
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