Thread by @DrdhimanBhatta1

Let's have contrarion views on #PEL and #PiramalEnterprises .

Please comment below 👇 with your views guys.
Piramal pharma being demerged from its mother company and special situation has come.
Everyone in my vicinity asking me when to sell #PEL !
Post demerger you can sell it(1

https://twitter.com/DrdhimanBhatta1/status/1564549265263046656

Let's have a small contrarion thread 🧵 on #PEL or #PiramalEnterprises .
Let's discuss the value of the businessess.
My calculated valuations are Iike this. 👇

For Shriram Rs 270.

For loss making finance business I have taken 1.3 as price to book value.
So this business (2/n)

may be valued at RS 1350.

For their unallocated net worth I have calculated RS 110.

As a whole it stands around RS 1680.

So, the great piramal pharma may be listed somewhere Rs 800 as per my calculation.

So, the EV/EBIDTA for piramal pharma business comes (3/n)

around 15/17 x which according to my tiny knowledge seems damm cheap.
The whole business should have been traded somewhere 2400-2550 per undemerged share which tells us both #PiramalEnterprises and #piramalpharma are damm cheap.
Again I invest on management integrity and (4/n)

Honesty.

Mr. Ajay Piramal needs no introduction to be utmost honest.

So, as a second order thinking I would love both #piramalpharma and #PiramalEnterprises or #PEL in my portfolio for the long term.

My first order tells me to sell #PEL .

Interesting, isn't it?(5/n)

Please let me know your thoughts 👇.

"Any constructive contrarian thought will be discussed in detail."

Thanks for your time 🙏✍️💗.

#PEL #PiramalEnterprises #piramalpharma

Not any recommendations, for educational purposes only.