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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