rather than PE i would value this on sale/mcap like other fmcg value as long as co is growing its margin and reaches to 14-15% opm.
most of fmcg are trading at 6-9 mcap/sales value where as MBF is trading at 3x mcap/sales while MBF has lower opm. At current opm and growth situation I would see MBF fairly valued at 4x mcap/sales
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