Wednesday, May 6, 2009
Zydus Wellness - Is there value? - Part II
As mentioned in my previous post on this company, the december quarter results were seasonal in nature. There is also another possibility that the accountants included the revenue/profit of demerged personal care business of Zydus Cadila of the first two quarters of FY 2009 in the third quarter results of Carnation Nutra to make the nine months result give the complete picture. The full year results show EPS of INR 6 making the stock priced at more than 10 times earnings at INR 60.
Subscribe to:
Post Comments (Atom)
Posts
2 comments:
this is complete cheat company... the eps has gone down even more than what it had before merger... the cheater management has profited by allocating itself more shares.... the earlier investors before merger have been fooled my the directors of this company in broad day light.... what was the point if the merger could not increase the eps.... ha ha ha... one more cheater management in India...
this is complete cheat company... the eps has gone down even more than what it had before merger... the cheater management has profited by allocating itself more shares.... the earlier investors before merger have been fooled my the directors of this company in broad day light.... what was the point if the merger could not increase the eps.... ha ha ha... one more cheater management in India...
Post a Comment