Any views on the post de-merger share prices of Raymond Ltd & Raymond Lifestyle?
Raymond Ltd will have Realty business, along with the land bank & 66% of the merged engineering business “newco” (post completion of Maini precision acquisition). Realty division will have EBITDA of about 300 Crores in current fiscal. Engineering business will have EBITDA of about 220 crores.
Raymond Lifestyle will have 1100 crores EBITDA
Raymond Ltd will have good growth mainly due to realty division
Raymond Lifestyle will have a modest growth I suppose (have to watch how Ethnix scales up). A positive point is that they will be net surplus cash as this entity received the FMCG sale funds
Appreciate inputs on how to value the above two companies, thanks
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