Yup, I would agree to disagree. Redtape is the most efficient and fastest grower of the lot, We shouldn’t forget with growth comes earnings which ultimately improves valuations. I am expecting the upcoming qtr to be the best one so far, 950-1100 isn’t too distant.
ROCE
Redtape – 44.8%
Relaxo – 11.8%
Bata – 19.6%
Campus – 23%
Metro Brands – 24.3%
Sales QoQ | YoY
Redtape – +90% | +29%
Relaxo – (-) | +4.6%
Bata – +10% | +0.33%
Campus – +82% | +1%
Metro Brands – +14.3% | +6%
PE ratio
Redtape – 58
Relaxo – 102
Bata – 61
Campus – 89.5
Metro brands – 87
What’s fascinating here is the realization of valuation disparity by the market, It is evident how the competition is seeing a fall in premium valuations and how Redtape is being taken to there.
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