@ipobull Sir, with all due respect...
I have firstly corrected the figures.. 2022 revenue for Gland was 401 instead of 4401
FY21 FY22
COMPANY. REV PAT REV PAT CMP
MANKIND 6385 1293 7978 1453 1080
GLAND 3462 997 4401 1212 1358
Now coming to the total shares of the company..
Mankind has ~400,000,000 shares while Gland has ~164,000,000 shares
Owning 1 share in Gland is equal to owning 2.43 shares of Mankind bcz Mankind has simply more number of outstanding shares..
Also, the way I look at it, Gland has a good profit margin of 28% whereas Mankind has margin of 18%... Hence if Mankind is listing at 1200 (Assuming it lists at GMP)
Then Gland definitely is very very undervalued at 1358... and Gland should easily be above 2400 because of Healthy margins and Less dilution...