Sucheta Dalal

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Suchetadalal's Discussion Forum » W e l c o m e

IPO - MICROSEC FINANCIALS - MACRO PREMIUM

(1 post)
  • Started 6 years ago by k a prasanna
  1. The company recorded a total income of Rs 38.93cr and net profit of Rs 8.61cr. for FY 09. For the half year ended 30-09-09, the figures were Rs 27.59cr and Rs 10.94cr, respectively. Assuming that the company is likely to post an EPS of Rs 8/- for FY11 (on the post issue capital of Rs31.18cr), the company is demanding an valuation of 15x, which appears on the high side, considering further scalability of business and competition.

    At Rs 113 – 118, the shares are over priced. Avoid subscription.

    Posted 6 years ago #

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