EPS for 2010/ 2011 is Rs. 243.81
PE is 1,573/243.81 = 6.45 (severely under valued)
Simply amazing results.
At a PE of 10 (pessimistic approach) it should be trading at Rs. 2,400/=
At a PE of 15 (Reasonable) it should be trading at Rs. 3,600/=
There will not be any major impact on DIMO's sales due to increase in vehicle duties as most of DIMO's vehicles are over 1600CC.
I believe that this has got huge potential and a real run yet to begin.
Please do your own research as well.