I just referred to the latest issue of Capital Market magazine, which gives the q4 and fy17 numbers without the demerger adjustments : q4 : Sales= 91 crores NP=17.25 crores and FY17 : Sales=345 crores NP= 36.56 crores EPS= 17.8 The book value is 40.2 and these numbers are for Omkar , without LASA.They have not taken the "deferred tax liability " credit of 1.67 crores into consideration. So, I think now th picture is clear. The market will value OSCL for a BV of 40.2 and an EPS of around 18. LASA`s EBITDA is around 44 crores, so I think we can expect an EPS of around 10. The BV we will know only after the numbers are announced. OSCL BV has gone down from 88 to 40. Let us see what BV LASA starts with.The market has been valuing the standalone OSCL at aproximately twice the book value of 88. Now that the BV has come down to 40 so 80 to 90 is the new value, till the q1 numbers are announced. OSCL may go down further due to technical reasons such as selling by those who bought with borrowed money, but every fall will be an opportunity to buy something that can double your money in six months.
disclosure : I am invested in Omkar.