When I brought Satia it was almost doubling the business and my calculations was right and the sales from 890 crore went to 1800 crore and PAT also doubled from 100 cr to 200 cr. And paper companies were trading at 10 PE. And thought Satia will also trade at 10 PE. If then Satia should trade at 200 to 250 range.
Not disappointed because share went from 80 to 160 and back to 120 range. Will hold for few more years seems it is a marginal bet at 80. Let’s see how things goes in the future.
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