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Monday, March 22, 2010

Hidden Gems - EID-PARRY



This Murugappa Group sugar company holds promoter's stake of 65% in Coromandel Fertilisers, which is valued at Rs 2,717 crore at the current market prices. If one considers EID's market capitalisation of Rs 3,600 crore, its standalone enterprise value works out to Rs 1,067 crore. This is just 3.1 times the company's standalone PBDIT, nearly half of the current EV/EBITDA multiple of 6.2 attributed to a sugar company.

 


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