I think price paid to acquire adda52 is fantastic. As per mgmt they have paid 2-2.5X sales of current year. That comes to 70crs odd of revenues for fy16-17 and with 30% margns, EBITDA should be in region of 21crs. So effective Ev/Ebitda (155/21) is just 7.3 times.
Only -ve is they are diluting us ( might just be 5%) while I would had preferred them to raise debt as they are generating 100crs+ Free cash year after year.
All said it should help them to grow exponentially from here.
Disc: Long.