You seems to forget the Dilution on account of merger
Take that and you are already at 1,000 crore Mcap
And the reason i sold isnt because i no longer believe in this Megatrend (In words of Mr. Utpal Seth sir) i.e., Brand Licensing
But its just that Now Brand Concepts is very Discovered Story i attended th concall when the participatoon used to be 10-15 shareholders
Now the count went upto 150 this Quarter and hence becoming more expensive i cant sustain my Margin of Safety beyond this
Onother hand theres creative with same Brand licensing husiness with traditional Cash cow business Funding Brand licensing infra as well as developing B2B platform
At 1000 crore Mcap
electronics are high gross margin than Fashion Segments 40% vs 15%
And the best thing is that Honeywell revenues are groqong at a staggering phase
They can easily make 65 to 70 crores of Bottom line 2 tears down the line 50-55 may be 1 year down the line and 40 this year
If im playing complete long term im getting at good 30-32x pe (A high margin business with strong ROCE, MR. Market aftwr seeong execution may give evn higher but this is base case) im getting 40+% IRR
This is my thesis
This isnt buy sale advice,
I hold a huge position here and continue to add every bit from my salary
Views are welcomed
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