Any specific reason for giving 16x ev/ebitda multiple to samhi?
Currently it is trading at ev/ebitda multiple of 21x and Charlet at 35x and debt/ebitda of Samhi is 4x and for Charlet is 3x
in fy 25, Samhi should have ebitda 422 so the EV= 422*21 =8862
market cap can be = 8862- 1500 = 7362 crore
so 84% upside. If market plans to give even higher multiple (less likely) the price may appreciate more.
Thoughts?
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