KRBL has two subsidiaries and I have valued them as follows. The original figure of Rs. 19.22 crores appears to me to be a Majority Interest (Using a slightly different P/B, which I don’t recall now), which was a mistake from my side. This is the actual Minority Interest calculation for KRBL:
In essence, since we’re calculating the value for KRBL, KRBL DMCC and KB Exports together (Consolidated Financial Numbers), we need to remove the portion of KRBL DMCC and KB Exports that KRBL doesn’t own.
I think I updated the KRBL excel to this effect, although this shouldn’t have any material impact.
Take PBT and add Interest Expense. That’s the easier approach.
I’ve personally found Screener to be inaccurate, at least at this level. In fact, even for Balance Sheet data, Screener generalizes a lot of things. I like to read the Annual Report / Quarterly Report and fill in the numbers from there.