Trading at .65 PB (Industry Avg 2.32) and 4.74 PER (Industry Avg 23.6) this share is worth at least Rs 150 MINIMUM.
Rubber prices have increased by 20% on Average compared to last quarter and will Stabilise around the 600 Levels. There are prices unseen in the last decade.
Also, I expect this Quarters EPS to be at minimum Rs 12 and a Dividend about Rs 10 (Final) for the financial year 20/21 is on the cards and will be announced before the scheduled AGM.
This is not a Buy / Hold / Sell recommendation. Please do your due diligence before investing.
Shares in Issue : 25,000,000
Public Shareholding 5,216,124
Public Shareholding (%) 20.86%
NAV : 160.57
Market Price : 105.00
Cash Per Share 18.20
Current Ratio 1.55 : 1