SEZ news related to SREI in ET

just one more thing:
it has got 250 page AR

Skeletons from Satyam cupboard can be disturbing. As you mentioned Prof Palepu on its board is one of the corporate irony.
1. Incidentally, he was on board of another Indian company (Dr Reddy’s Lab) upto that time and quit after 2009. DRL got land in 2003 through a deal where they bought satyam institute of e business, subsidiary of sify, which in turn was subsidiary of satyam.
2. Among the directors on board of satyam who approved Maytas deal were Krishna Palepu, professor at Harvard, it was reported by WSJ same time.
3. SFIO charged & argued that Krishna Palepu should pay back professional charges of Rs 2.66 crore stating it was paid to him by satyam illegally.

Hi mods – we are just involving in a healthy debate.

You are right, I used FY15 EPS of 4.5. 131.5/4.5 = 29.2.

In my original post, I have also estimated the FY 16 EPS as 5.85 (so I’m looking into FY16 as well).

2 points to extend what I wrote on my original post,

1. On FY16E EPS, at current prices, PI Industries is at 26 PE, Repco is at 24 PE, Granules is at 22 PE. So I felt at these valuations the other 2 stocks are making more sense for the reasons mentioned above. My opinion!

2. While I wrote FY16E EPS in above point, we only have results of 1 quarter for FY16 and calculating completely on FY16 PE might be a bit over the board while I agree that we should look forward in stock markets and I agree to your point on this.

That’s it and I really would like to know your opinion on GRANULES investment case so I can dig further, so please put your views.

I liked your sarcasm and so liked your post.

You could have thought that it was a typo as I was also referring to “FY 16” in the same sentence so instead of taking the gist of what I was saying, you chose otherwise and use terms like ‘reverse discounting’ which I actually do not understand as much as you would. In my opinion, what you missed in my post is ‘broader picture’, in lighter vein.

You put your opinion on PEG and hence on the valuations and I respect that as every one is entitled to have his/her as I did mine.

Anyway, thanks for taking time to reply to my post.

Like seriously? What is current year EPS? 21st Sept 2015 (Half year almost complete) – Current year is FY16.
Am I missing something really? When did markets start reverse discounting?

Assuming earnings growth of 20% as per management guidance, it is currently available at a PEG of 1.2
Neither expensive nor cheap.

Management integrity is a different ballgame (no comments on that) but it’s definitely not expensive as per current valuations.

Disc – Invested at much lower levels and hold Repco as well