- In the Q3 FY23 concall, management said that they are fairly confident to maintain the margins at current levels (15%) on the longer term. But the average margins have been around 11% and thus conservatively I considered margins as 13%.
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About ApcoBuild, I could not find finer details in the concalls as well as in the presentations.
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Regarding PE, I had taken the average of “max” but as highlighted by @Mgkreddy , I should have taken the average PE of last 5 years or so, because business dynamics actually changed post the acquisition of Omnova solutions.
I usually try to build very conservative scenario and if I find MoS in that case as well, then it helps me build even bigger position with higher conviction.
The latex prices have been on rise recently and thus it could be one of the reasons behind the quick run up in the stock.
Disc: Tracking closely.
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