Found this unpolished undiscovered gem. Here are some salient points to start the discussion.
1). Sales growing at around 15 percent per annum on an average in the last 5 years.
2). EBIDTA margins at 15 percent.
3). Debt free.
4). ROCE is 14.5 percent and has increased substantially from the last financial year 9.4 percent
5). Cash and investment comes to 123 crores or Rs. 13.21 per share half of the market price. So entire business available at just Rs. 14 per share.
6). Great half yearly performance and has grown at 14 percentage points.
7). Has need no working capital. Incremental working capital is actually reducing for the last 3 years throwing out more cash.
8). Minimal capex required on an average just 1 crores per year
9). Turnover is nearing 500 crores.
10). All of this at a PE of 5.75 yes 5.75
11). Using simple DCF of the free cash flows the value comes to around 80 assuming it grows at 15 percent and maintains its EBIDTA. So 3x potential for growth.
12). Sitting on a huge cash pile no dividends declared at all.
Is there something more to this share that I am not aware of. In a bull market this seems too good to be true.