S H Kelkar & Company Ltd IPO Message Board (Page 3)

260 list fundamental at 180 PE was 52 which i thought was over the top for a company which has NP margin of 12% and growth of CARG in single digit and industry growth is below 5% for last decade.... why should a FMCG supplier get such high PE as it customer is over my understanding..... if that is case then all FMCG supplier should also get same high PE anyway sometime market just play the important card and forget the fundamental In this case the trupmh card is blackstone but still vaualtion is very steep anyway best of LUCK

Also 260 will take PE close to 80 anyway i find many many bluechip FMCG cheap... only one thing can support for such high 80 PE would be if blackstone wants it first listing big hit bcoz it has many many many more companies to list and this blackstone first PE investment to list in INDIA so RII could benefit and i hope this story plays for RII sake

FMCG stock HUL was trading between Rs 250 to 280 in 2 to 3 years back but sudenly a spart has taken place and trading in the range of Rs 800/-.Why So PE multiple .Many analysts are not able to digest the current PE multiple. Normally the PE multiple may not work for future. What I am thinking is the present condition or present book value will not work. Every thing depends on future outlook.this is proved in Indigo. At present there is no book value for Indigo .That means the ongoing debt and the value of assets are equal. (NAV is almost zero =Rs 14 as per RHP. or negetive as per tulsian.)It is trading around Rs 1000/-based on the expected EPS of Rs 62.So stocks will trade on the basis of expected EPS from increased sales.No value for NAV/book value/Assets.

Tnx eagleye sir for updating valuable info about kelkar......plz update gmp today evening also.....tnx in advance

@seenuipo agree that value is based on future earning however in case of kelkar present earn is nothing much to be proud of intact both top line and bottom line has headed south YOY also this industry of flavour and fragrance is a very slow growing industry below 5% so growth which determine future value is not present. Plus SH Kelkar is not a FMCG we should came this clear it is a supplier BTW biggest supplier to FMCG is chemical industry at we all know what PE this industry is discount then why SHK given higher PE then FMCG

In regards to indigo I think it is high price at 1000 given the industry peers both national and international this is Bcoz of lower crude price I got alloted 2430 share and already brought and sold in last three days given the price movement however I think looking at deliverable portion of below 20% the stock is becoming traders favourite.

Anyway best of luck on list and hope it regards as much or more then indigo

16 NOV. LISTING