1.Hand Protection- 5,567,838
2.plantation -tea -3,784,961
incremental % increase over the comparative period 2019
1.Hand Protection-1,122,217 25.24319999
2.plantation -tea -369,235 10.80985419
so you can see 25% increase of revenue in hand protection or gloves segment. This is because of Pandemic led spike in demand for both medical and household gloves.Strong growth in plantation earnings, due to favourable pick up in both rubber and tea prices also contributed to topline growth.Current momentum is expected to continue; DIPD confirms that its order book remain full running upto Mid-2021.
last June quarter earnings EPS 10.19 (for 3 months)
If we assume same result in rest of the year 10 x 4= 40EPS
But I get a more fair value 35 EPS
and Historically, DIPD has traded at 6.9x P/E (3-year average).
***** then the expected price 6.9x 35= 241
*****If we get a more optimistic value 6.9x 40= 276
*****But I have given above my fair value as only 210.00
*****But my strong feeling is the share should pass 250.00