Indian engineering company with Rs 508.31 crore revenue sold for Rs 200 crore, what am I missing?
Premier Energy and Infrastructure's board approved buying 100% of Gina Engineering Company Private Limited for Rs 200 crore. Gina was incorporated in 1988. revenue Rs 508.31 crore, PAT Rs 21.10 crore. the price is well below the revenue number sitting right next to it. I can think of reasons (debt, thin margins, a bad year) but the filing doesn't say. does a sell side banker just accept that?
maybe
What’s EBItDA
Do not redeem
bump
I think so what else could it be done
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