WATER BASE,,
At this valuation even after the capital dilution, increase in sales (36 crores) and factoring in no capex due to capacity expansion and increase in operating margins the company needs to increase its sales by a minimum 30 percent year on year.That quantum of sales growth unfortunately is not to be seen last year. If they do not grow as fast this should go back to Rs. 100 which is a decent valuation.
At this valuation even after the capital dilution, increase in sales (36 crores) and factoring in no capex due to capacity expansion and increase in operating margins the company needs to increase its sales by a minimum 30 percent year on year.That quantum of sales growth unfortunately is not to be seen last year. If they do not grow as fast this should go back to Rs. 100 which is a decent valuation.
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