If we measure kitex on term of PE than we could say it is high ( I would say bit high bcz generally PE is high for company growing at 30 – 35% ).
Now if we measure kitex garments on the cash front than,
Free cash at end of half year stand at : 250 crores
Equity : 4.75 crores
Cash per share : 52 rupees
P/Cash : comes at 14
Isn’t cheap. Would like to know from senior members that can we use this metric for valuation for free cash throwing company.
rgds..
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