I tend to to agree with the article on valuations. It earned around 20cr last financial year as net profit.
Even if you take around 30-40cr as net profit for FY16 (taking the June quarter results as the base), I wonder if a market cap of 1,500cr is justified.
This is a fluid market and things can change rapidly.
I don’t see a margin of safety in the investment. 
Am I missing something?
| Subscribe To Our Free Newsletter |
