If we go by company MD’s guidance of 75% capacity utilization for FY16, we may observe an EPS around rs. 22-25 for the year (probably more). In such a scenario, NCL is trading at forward p/e of less than 6 for FY16 which is just 2 quarters away.
I believe there is a good amount of valuation comfort at these levels.
Disclosure – I’m invested and may be biased.
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