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#vip sum of last 4 years of cash flow from operations 200 cr, means avg 50 cr. Even if consider latest year normalized value 60-70 cr , one is paying 70-80x cash profit DESPITE so much correction. Hyped story on name of brand, consumer durable , travel theme ? How u justify ?
The same no for 2008-11 was 150 cr. So, from 2008-11 to 2016-19, 8 year increment is from 150 cr to 200 cr (m taking 4 years to normalise working capital effect spreads), 8 years, 33% total absolute growth. That's not even 4% cagr growth in cash profit . Missing something ?
So , ultimately , we r paying min 70x cash profit for a less than 4% cagr cash profit growth story. Why ??
