Just wondering what prevents Hindware to get the same valuations as Cera?
The Hindware brand is pretty strnog. I can see it all around in Mumbai/Pune area – Moonbow products in home; sanitaryware, faucets in clubs, public restrooms, tiles, Truflo signages on plumber shops, etc
Return ratios are lower but can improve, since company is now in a hyper growth stage. Though debt levels look concerning.
What prevents it from being rerated the same as Cera or Kajaria or richly values pipe companies?
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