1st thing 1st
PE shouldnt be the matric that you shohld be viewing this are high depreciating co. Look at cashflow
2nd thing how does it matter weather it is at SME or main board? Think of it this way if you wanted to buy Parle G but the same wasnt available in Dmart hence you bought the same from local vendor. How does this matter eod its the biscut (In this case business you are buying)
The business did 50 crores of Op. Cashflow last year on Mcap of 400 crores (12.5% yield)
The co. Is doing 170 cr. Of capex mostly towards renewable side where there is shortage of cranes
It can do another 40 cr. Of cashflow easily with better rental yield and good utilisation
Get out of price baisness if you are holding the business
There is nothing such as bear case scenario if you want to buy the business
If you have any bear case scenarios dont buy it simple
Maybe baised, DYD
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