4 cr net profit, 8 cr EBITA on a sales of 70 cr with 10% Dividend in FY 2020-21. what else does one want? This scrip will certainly do wonders in the current fiscal. By Diwali it should be quoting much higher than the CMP. One should ignore Q4 standalone results and should see full fiscal 20-21 results. Please also remember that public shareholding is only 50 lakh shares in this company. Entry of one serious investor in the scrip will take it into 3 digits. Dont get misguided by Q4 results. Indian Tea sector is promising with a avg price to earning (PE) multiple of 36, avg price to book value ((PB) multiple of 8 and avg Dividend yield of 1.85%. Diana Teas PE multiple is just 8, PB of only 0.6 and Dividend yield 2%. One can imagine the kind of under valuation given to this scrip by the market. Have patience and see the magic in coming months.
12.23 AM Jun 12th
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