#what is ev ebitda

[barcadlyservices]

Blog Posting Date : 01 Jan 2024 Disclaimer- For Educational Purpose Only, Should not be considered as a Investment Advice “The Conviction Club” Knowledge Series Post For the past 2-2.5 years, FIIs have sold a lot. Even after that we did well because of strong DII flows, thanks to domestic flows.

[wisteriagoesvroom]

a couple of people have asked for a carlos POV of in theory and actually. thinking about it. it's pretty funny. imagine being carlos, carlos who gets everything in his life he's ever wanted carlos, carlos who feels he has nothing further to prove to anyone carlos (this is a lie btw), carlos who gets saddled with OSCAR, who barely tolerates him, as an executive assistant.

oscar who shows few emotions. doesn't give a f about seniority. thinks carlos is incredibly arrogant (he's not wrong here but, like recognises like.) oscar who knows carlos can't even do his own expenses without having an emotional support espresso or spending half an hour whining to oscar even though he did it himself years before oscar even joined, etc etc.

and carlos has to. endure it. while oscar blatantly ignores his charm offensive and his attempts at being jovial and his bad bilingual puns and carlos, because everyone usually loves carlos, and he-- he just. he cannot for the life of him figure out why he's also so compelled by this australian dude. doesn't know what to do with himself. just keeps interactions to a transactional minimum and puts up a front like he is soooo curt and uncaring about everything but. the warmth seeps through anyway, a vine that's destined to grow despite his attempts not to let it.

so what, if carlos lies awake in bed with racing thoughts too late at night thinking of revenues and EBITDA and platinum tiers and air miles. so what, if this sometimes bleeds into thoughts regarding his work-life balance or lack thereof, and therefore, oscar's stupid little hair swoop, his frown. his insane excel sheet formulas that even carlos, MBA graduate, takes a second to understand. oscar and his indifference and his scary efficiency and the way he talks a bit too fast when he's tipsy and his ice cold hands.

(at the christmas party with yuki. carlos pretends not to listen but hears every word. why would oscar tell yuki all that, and not him, when he’s tried to ask about oscar's interests before? anyway.)

and then. the christmas gifts happen and carlos thinks he's crossed a line. was the terrarium too far, he wonders. normally people love it when carlos is thoughtful like that. his exes even said so. but no! oscar takes the terrarium, the one carlos made a specific detour for on an airline that he couldn't even get miles on!

and oscar just. stares, and stares at the terrarium. then he gives carlos this...look. and it gets embarrassingly intimate and carlos "really does have to go take his call" even though the client did say it is fine to switch to email because, christmas. yeah. and then he's thinking about it the whole way back to madrid too.

then oscar QUITS on CHRISTMAS DAY (rude) for no explainable reason and carlos is like oh my god is it really ME. how can anybody not like ME ? reddit, AITA???

so carlos mulls on it. carlos wants to atone. just maybe. set things straight. let oscar know that. actually. all feelings aside, he was really an excellent EA and carlos wishes him the best with everything. he maybe sends a text to thank him with those very words. but christmas eve comes and goes, and so does christmas day, and there's no reply at all from oscar. what the hell, carlos thinks. no i can't have him leave and there's so much in my email that i – i didn't even say. he just. needs to let oscar know that he appreciated it.

(he doesn't know what "it" is per se. just that. he feels strongly. so he needs to do something about that.)

soooooo then carlos, who values for family more than anything in the world, spends christmas day just only half paying attention to things going on and thinking jesus, what did i do. and his sisters are like, hermano, please just. get it together and sort this out if you care so much. we'll be fine with mamá and papá and piñón okay there's roast ham for days. and his ma is like: "if you are visiting someone at least pack some dessert. where are your manners". and carlos is like "what". and his mum is like: "did i not teach you anything at all. are you or are you not a sainz". so carlos just takes his tiramisu and his sister's teasing and. he goes. might even try to pull a favour from a client to use a private jet and get there in time.

he flies back to the city in a fit of possible stupidity to try and clarify... his feelings for oscar his professional record and integrity.

and then. oscar is. actually HAPPY he is there.

(carlos knows he's happy, not because oscar's face changes. but because oscar puts his actual plant shears down in order to talk to him. which in oscar-world is a very big deal really. before, oscar always used to look like he wanted to stab carlos with a pen when carlos spoke to him. and if carlos were truly honest with himself, and hindsight being 50/50, well– he'd say that actually, the times oscar looked like he wanted to stab him were actually some of the moments he felt most alive.)

and the rest is... well.

you know how it ends.

[livelongwealth]

Top Stock Market Course in India

India's top stockbroker, Groww, has taken a bold step into filing confidential papers for an initial public offering (IPO) with SEBI. But here's the twist: despite a massive ₹3,145 crore in revenue, the company reported a net loss of ₹805 crore in FY24. This raises a crucial question for investors: Should you bet on a loss-making fintech giant?

In this blog, we decode Groww's IPO filing, break down the broking industry's shifting dynamics, highlight the risks, and, most importantly, show you how to analyze any IPO with the framework taught in LiveLong Wealth's Stock Market Course.

What Is a Confidential IPO Filing?

Groww has opted for SEBI's confidential pre-filing route, which allows companies to

Keep IPO details private while testing investor interest.

Adjust IPO size by up to 50%.

Extend the launch timeline from 12 to 18 months.

This method provides flexibility and reduces reputational risk if market conditions worsen.

Groww's FY24 Financial Snapshot

Let's look at the core numbers:

Revenue: ₹3,145 crore (119% YoY growth)

Operating Profit: ₹535 crore (17% growth)

Net Loss: ₹805 crore

(primarily due to a one-time ₹1,340 crore tax expense for shifting its legal base from the US to India)

While operationally profitable, the company still reports a net loss—something retail investors must evaluate with caution.

Why Is Groww Still Loss-Making?

Many high-growth startups defer profits to prioritize user acquisition and tech infrastructure. However, in Groww's case:

Marketing costs and platform investments are ongoing.

It took a hit from a one-time restructuring cost due to its domicile change.

Despite fee hikes, pricing pressures continue due to fierce competition.

Fewer day traders and more mutual fund investors generate less recurring brokerage revenue.

The Broking Industry in India:

India's online broking space is evolving rapidly, driven by:

SEBI's crackdown on F&O trading resulted in a 30% drop in volumes by December 2024.

Fee restructuring, with Groww increasing charges by 150% for smaller trades to maintain profitability.

Strong rivals like Zerodha, Angel One, and Upstox are dominating market share.

This highlights the need for brokers to innovate, reduce costs, and diversify revenue streams.

Key Risks of Investing in the Groww IPO

Regulatory Uncertainty: Changes in derivatives trading, transaction taxes, and compliance norms can impact revenues.

Sustainability of Growth: Acquiring users is easier than monetizing them—especially if pricing wars intensify.

Investor Expectations: Public markets expect clear roadmaps to profitability—something Groww hasn't fully demonstrated yet.

Growth Prospects: What's Working in Groww's Favor?

Despite the risks, Groww has strategic strengths:

13 million+ active users—India's largest base.

Wide product offering-stocks, mutual funds, ETFs, F&O, and more.

Tech-first experience with a sleek UI/UX that appeals to younger investors.

Fresh capital from the IPO will likely go into product upgrades and geographic expansion.

Cross-selling personal loans

How to Analyze an IPO Like This - The LiveLong Wealth Way

At LiveLong Wealth's stock market course, we teach a structured framework to analyze IPOs using our stock market course, which includes:

1. Business Model Evaluation

Does the company have a moat?

How scalable is the model?

2. Financial Statement Analysis

Revenue trends, margins, cash flow, and debt levels.

One-time charges vs. recurring profitability.

3. Valuation Check

Compare IPO valuation with listed peers (e.g., Angel One).

Check price-to-sales, price-to-earnings (if profitable), and EV/EBITDA multiples.

4. Risk-Reward Profile

Is the IPO aggressively priced?

Can you tolerate a few years of losses for long-term upside?

This approach ensures you're not just following IPO hype but making data-driven investment decisions.

Read more: https://www.livelongwealth.in/groww-ipo-top-stock-market-course-in-india/339

[nishatparvinbloger]

Automotive Business for Sale UK: Shift Gears into a Profitable Sector

The UK automotive industry is experiencing a dynamic transformation. Between the shift to electric vehicles (EVs), rising demand for repair services, and new opportunities in fleet management, now is the ideal time to explore an automotive business for sale UK. Whether you're a hands-on entrepreneur or an investor looking for high-demand, essential services, this sector is full of opportunity.

In this guide, we'll explore the types of businesses available, what to look for when buying, and why the UK remains one of the most promising markets for automotive ventures.

Why Invest in an Automotive Business in the UK?

1. Essential Industry with Resilient Demand

People always need their cars serviced, repaired, and maintained—especially with used car sales outpacing new registrations in recent years.

2. Shift Toward Electric & Hybrid Vehicles

As the UK moves toward a net-zero future, demand is booming for:

EV mechanics and service centers

Charging infrastructure providers

Battery recycling and diagnostics

3. Opportunity in Specialization

From MOT stations to classic car restoration or high-performance tuning, specialized businesses attract loyal customer bases and command higher margins.

Types of Automotive Businesses for Sale in the UK

Car Repair Garages: Independent or franchised

Body Shops: Cosmetic and structural repairs

MOT Testing Centers: Licensed and high-traffic operations

Used Car Dealerships: With showroom and forecourt

Tyre & Exhaust Centres: Often with wholesale supplier relationships

EV Conversion or Maintenance Specialists: A rapidly growing niche

What to Look for in a Listing

✅ Location

Proximity to main roads, retail parks, or commuter-heavy areas boosts footfall.

✅ Licenses and Accreditations

MOT licensing (from DVSA)

Environmental and waste handling compliance

Franchise agreements or manufacturer authorizations

✅ Equipment and Inventory

Check the condition and ownership status of:

Vehicle lifts and diagnostic tools

Paint booths, tyre changers, air compressors

Stock of parts and consumables

✅ Customer Base and Contracts

Fleet servicing agreements with local businesses

Insurance partnerships for body shops

Google reviews, repeat clients, and CRM systems

Valuation and Financials

Ask for:

Last 3 years of revenue, gross profit, and net income

Booked appointments or fleet contracts in place

Asset valuation (tools, lifts, vehicles)

Lease or property ownership details

Most profitable garages and dealerships trade at 1.5x–3x EBITDA, depending on region and specialization.

Where to Find Automotive Businesses for Sale

Search specialized platforms that focus on automotive, service-based, or UK small businesses. Use filters to identify:

Leasehold vs freehold

Franchise affiliation

Turnover and net profit

Working with a broker familiar with UK automotive regulations can help uncover off-market deals and ensure compliance.

Frequently Asked Questions

Q: How much does an automotive business in the UK cost? A: Prices range from £30,000 for smaller garages to over £1 million for high-turnover franchises or dealerships.

Q: Do I need automotive experience to buy a business? A: Not necessarily. You can hire qualified staff or partner with a manager. Some franchisors provide training.

Q: Can international buyers own an automotive business in the UK? A: Yes. Foreign investors can fully own and operate UK businesses, though certain licenses require a UK presence or local partners.

Q: What’s the outlook for the automotive sector? A: Strong. With EV growth, rising vehicle age, and changes in ownership models, support services will remain essential.

📌 Ready to accelerate your journey into a high-demand, future-proof industry? Explore the latest automotive business for sale UK and shift into profitability today.

🎥 For buyer stories, industry forecasts, and expert advice, subscribe to our YouTube Channel.

[techit-rp]

How Financial Analytics is Powering Startup Valuations in India

India's startup ecosystem has witnessed an explosive boom in recent years. With over 100 unicorns and thousands of early-stage ventures vying for funding, one question remains central to both founders and investors: What is the true value of a startup? This is where financial analytics enters the spotlight, as the strategic backbone of modern-day startup valuations.

In today’s volatile yet opportunity-rich environment, the art of valuing startups has evolved into a data-driven science. And for aspiring professionals eager to play a role in this transformative space, enrolling in a robust investment banking course in Bangalore can unlock the skills needed to thrive in this dynamic world.

💼 Why Startup Valuations Matter

Valuation is not just a number — it's a narrative backed by financial models, forecasts, market metrics, and risk assessments. An accurate valuation impacts:

Equity dilution for founders

Investor returns and entry multiples

Merger and acquisition negotiations

Regulatory compliance

IPO pricing

However, unlike mature companies, startups often lack steady revenue streams or profits, making traditional valuation methods like Discounted Cash Flow (DCF) or P/E ratios difficult to apply. This is where financial analytics steps in to fill the gap.

🔍 How Financial Analytics Shapes Valuations

1. Data-Driven Forecasting

Startups thrive on vision, but investors want numbers. Financial analytics helps project realistic revenue, cost, and EBITDA growth using historical trends, industry benchmarks, and scenario modeling.

2. Scenario and Sensitivity Analysis

Analysts model different business outcomes — best-case, worst-case, and most likely — to understand how various assumptions impact valuation. This helps mitigate risk and align expectations.

3. Customer and Market Metrics

Metrics like Customer Acquisition Cost (CAC), Lifetime Value (LTV), Monthly Recurring Revenue (MRR), churn rate, and runway are crucial for SaaS or B2C startups. Financial analysts use these to justify valuations.

4. Comparable Company Analysis (CCA)

Analysts benchmark the startup against similar ventures in terms of industry, scale, funding, and growth potential. Multiples like EV/Revenue or EV/Users are commonly used in the Indian startup space.

📊 Real-World Example: The Indian EdTech Boom

Take the case of Indian EdTech startups like Byju’s, Unacademy, or Vedantu. Their valuations weren’t just based on current profits (which are often low or negative) — but on projected user growth, market share, and future monetization strategies. Financial analysts and investment bankers used a mix of customer metrics and market size forecasts to justify valuations in multi-billion-dollar funding rounds.

Understanding how to apply these models is a skill taught in advanced finance programs — like a specialized investment banking course in Bangalore, tailored to India’s startup ecosystem.

🏙️ Why Bangalore is the Ideal City to Learn Investment Banking

Known as the Silicon Valley of India, Bangalore is home to:

Thousands of startups across sectors (fintech, AI, SaaS, healthtech)

Leading VC firms, angel networks, and accelerators

Investment banking boutiques and corporate finance roles

An investment banking course in Bangalore doesn’t just offer theoretical knowledge — it connects students with the real-world ecosystem. From live startup valuation projects to networking with investors and financial analysts, learners gain practical exposure that can’t be replicated in online-only formats.

Whether you aim to become a startup founder, a VC analyst, or a corporate finance professional, acquiring skills in valuation, modeling, and deal structuring in a city like Bangalore gives you an unmatched edge.

📚 What You’ll Learn in an Investment Banking Course in Bangalore

A well-structured investment banking course typically includes:

Startup Valuation Techniques (Scorecard, Venture Capital Method, DCF, CCA)

Financial Modeling in Excel

Pitch Deck Analysis

Private Equity & VC Deal Structuring

M&A and IPO Readiness

Advanced Analytics Tools like Power BI, Python, and Tableau

Courses are often taught by industry veterans and include case studies of Indian unicorns and global startups alike. The aim is to blend financial theory with practical application.

🚀 Final Thoughts

Startups are rewriting the rules of the economy — and behind every funding round, IPO, or acquisition lies a deep dive into financial analytics. As the startup landscape becomes more sophisticated, the demand for professionals who can interpret numbers, model growth, and articulate value is skyrocketing.

Whether you’re a finance enthusiast, a budding entrepreneur, or someone seeking to enter the world of investment banking, an investment banking course in Bangalore can be your launchpad. With hands-on training, access to India’s most vibrant startup ecosystem, and a strong network of mentors, you’ll be perfectly positioned to decode the future of startup finance.

[moneytower]

The Secret Cheat Code for Smart Investing: EV/EBITDA Explained!

Ever wondered if a company will keep growing in the future before investing in it?

Most beginners rely on PER (Price-to-Earnings Ratio) to assess a stock’s value, but let’s be real—there’s a much better metric that savvy investors use: EV/EBITDA.

Never heard of it? No worries. I’m about to break it down so simply that you’ll never look at stocks the same way again!

What Is EV/EBITDA? Think of It Like This…

To understand this metric, let’s break it down into two parts:

• EV (Enterprise Value) → Imagine you’re buying an entire company, not just its stock. EV is the total price tag—including its market value, debt, and cash on hand.

• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) → This represents how much pure cash flow the company generates every year before extra costs like interest and taxes.

Put simply:

EV/EBITDA tells you how many years of profits you’d need to buy the entire company.

Why Is EV/EBITDA Better Than PER?

Most beginners use PER, but it only looks at net income and ignores important factors like debt and depreciation. That’s a problem!

EV/EBITDA, on the other hand, gives you the full picture by factoring in a company’s financial health, including its debts.

Here’s why that matters:

Low EV/EBITDA = Undervalued Company (It’s making great money, but the market hasn’t caught on yet. Potential bargain!)

High EV/EBITDA = Overvalued Company (It’s expensive but not generating enough cash flow. Risky investment!)

Imagine two burger chains:

• Burger Joint A: EV/EBITDA of 6 → Generates steady cash flow, but the market hasn’t priced it in yet. Great investment opportunity!

• Burger Joint B: EV/EBITDA of 18 → Struggles to turn a profit, yet its stock price is sky-high. Be careful—it might crash!

How to Use EV/EBITDA the Right Way

Warning: EV/EBITDA is only useful when comparing companies in the same industry.

For example:

Comparing Costco vs. Walmart?

Great! Both are retail giants with similar business models.

Comparing Boeing vs. McDonald’s?

Always compare apples to apples to accurately gauge a company’s value.

Bottom Line: Smart Investors Use This Cheat Code

EV/EBITDA isn’t just another fancy Wall Street term. It’s a powerful tool to spot undervalued companies before the rest of the market catches on.

So before making your next investment, check EV/EBITDA, compare within the industry, and invest wisely!

A little financial knowledge every day can make a huge difference.

[visindia]

Valuation Methodologies in Investment Banking: A Comprehensive Overview

Valuation is at the heart of every investment banking transaction. Whether it’s mergers and acquisitions (M&A), initial public offerings (IPOs), or private equity deals, knowing how to value a company accurately is essential. But with so many methodologies out there, it can be overwhelming for professionals, especially those new to the field. In this article, we’ll break down the most common valuation methodologies used in investment banking and how each one plays a crucial role in deal-making. We'll also point you to some fantastic resources to dive deeper into these methods.

What is Company Valuation?

Company valuation is the process of determining the economic value of a business or asset. In investment banking, this is key to advising clients on the price to pay, sell, or merge a company. Valuations are typically conducted by using different models, each with its strengths and weaknesses depending on the situation. But before we dive into specific methods, let’s quickly highlight why valuation is such an important skill for investment bankers.

Why Does Valuation Matter in Investment Banking?

In investment banking, valuation is necessary for:

Acquisitions and Mergers: When a company is buying or merging with another, valuing the target company helps determine the right price.

IPO: For a company going public, proper valuation helps set an initial offering price that reflects its market potential.

Financial Advisory: Investment bankers help clients decide whether a deal is worth pursuing based on valuation estimates.

Private Equity & Venture Capital: Accurate valuations ensure investors know what stake they’re buying or selling, and at what price.

5 Key Valuation Methodologies in Investment Banking

Now, let’s take a deeper look at the five main types of valuation methodologies used by investment bankers. Each method has a unique approach, and the context of the deal will determine which is the best to use.

1. Discounted Cash Flow (DCF) Analysis

The Discounted Cash Flow (DCF) method is one of the most thorough ways of valuing a company. It involves projecting a company's future free cash flows and then discounting them to present value using the company’s cost of capital (WACC). The formula behind DCF might seem complex, but essentially, you are determining what a future cash flow is worth today based on its expected growth and risk.

When to use it: DCF is ideal when the company has predictable cash flows and the ability to maintain stability over the long term. It works best for mature companies with a clear path for future growth.

2. Comparable Company Analysis (Comps)

Comparable company analysis, also known as "Comps," involves evaluating a company’s value by comparing it to other similar companies in the same industry. This method relies on multiples such as Price-to-Earnings (P/E), Enterprise Value to EBITDA (EV/EBITDA), and others. By applying these multiples to the target company’s financial metrics, you can estimate its value.

When to use it: Comps are most useful when there’s a robust peer group and market data to draw from. This method is commonly used for industries where companies are similar in nature, like technology or consumer goods.

3. Precedent Transactions Analysis

Precedent Transactions, also known as "M&A Comps," works by looking at past transactions in the market. This involves analyzing past deals involving similar companies, whether it be mergers, acquisitions, or buyouts. By examining the pricing and multiples from these transactions, investment bankers can estimate the target company’s value.

When to use it: This method is valuable when market conditions are stable and there’s a relevant set of comparable transactions to analyze. It’s commonly used in M&A advisory.

4. Asset-Based Valuation

Asset-based valuation focuses on determining the value of a company based on its assets and liabilities. This method can be particularly useful for companies in distress or those that have substantial tangible assets, such as real estate or machinery. The valuation is based on adjusting the company’s book value of assets and liabilities.

When to use it: Asset-based valuation works best for companies with significant physical assets or those undergoing liquidation.

5. Market Capitalization

Market capitalization is the simplest of the valuation methods, as it’s calculated by multiplying the company’s stock price by its total number of shares outstanding. This is essentially the market’s view of the company’s value based on the current stock price.

When to use it: This is most appropriate for publicly traded companies, but it does not provide the same level of insight as other methods since market prices can fluctuate based on factors unrelated to the company’s true value.

Which Valuation Method Should You Choose?

The right method depends largely on the nature of the company and the transaction at hand. Often, investment bankers will use a combination of these methodologies to ensure a comprehensive view of a company’s value.

If you’re looking for a more in-depth exploration of valuation methodologies, check out this detailed guide on valuation methodologies. It’ll help you understand not just the different methods but also how to apply them in real-world scenarios.

Conclusion

Valuation is more than just numbers and formulas—it’s about making informed decisions based on analysis and insights. Whether you’re valuing a company for an IPO, a merger, or an acquisition, understanding the different valuation methodologies will give you the tools you need to perform at your best. Each methodology has its unique advantages, and choosing the right one for the situation can make all the difference.

In investment banking, mastering these methodologies will help you guide your clients and make the right recommendations, ensuring your deal-making strategies lead to success. For a deeper dive into valuation methodologies and how they impact your work, don’t forget to check out the valuation guide linked above!

[demiumresearch]

Paras Defense and Space Stock Price Analysis and Quick Research Report. Is Paras Defence & Space an appealing stock to invest in?

To estimate a company's true net worth, stock investors must do a thorough review of its financial data. This is often accomplished by reviewing the company's profit and loss account, balance sheet, and cash flow statement, which can be time-consuming and difficult.

Examining a company's financial ratios is a simpler way to determine its success, which can assist make sense of the vast quantity of information contained in its financial statements. Paras Defence &Space's stock price today is Rs 1,388.25. Here are a few key ratios that should be included in every investor's research process, or, more simply, how to analyze Paras Defence &Space.

Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Paras Defence &Space has ROA of 7.50 % which is a bad sign for future performance. (higher values are always desirable.)

Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Paras Defence &Space has a Current ratio of 4.53 .

Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Paras Defence &Space has a ROE of 10.16 % .(higher is better)

Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Paras Defence &Space has a Debt to Equity ratio of 0 which means that the company has low proportion of debt in its capital.

Sales growth: - Paras Defence &Space has reported revenue growth of 19.04 % which is fair in relation to its growth and performance. 

Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Paras Defence &Space for the current financial year is 26.17 %.

Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Paras Defence &Space is Rs 0 and the yield is 0 %.

Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Paras Defence &Space is Rs 8.77 . The higher the EPS, the better it is for investors. 

 Strengths

The company has shown a good profit growth of 21.63% for the Past 3 years.

The company has significantly decreased its debt by 29.13 Cr.

Company is virtually debt free.

The Company has been maintaining an effective average operating margins of 28.56% in the last 5 years.

Company has a healthy liquidity position with current ratio of 4.53.  

Limitations

The company has shown a poor revenue growth of 13.50% for the Past 3 years.

Company has high debtor days of 226.99.

Company has contingent liabilities of 102.67 Cr.

The company is trading at a high PE of 158.22.

The company is trading at a high EV/EBITDA of 74.87.

One can find all the Financial Ratios of Paras Defence &Space in Ticker for free. Also, one can get the intrinsic value of Paras Defence &Space by using Valuation Calculators, which are available with a  Demium Research Analyst subscription. 

Paras Defence shares hit record high, up 55% in just 3 sessions; here's what tech charts indicateParas Defence share price: The stock jumped 20 per cent to hit an all-time high of Rs 1,388.70. At this price, the scrip has gained 55.06 per cent in just three trading days.Paras Defence Shares Record High • Stock rose 20% to an all-time high of Rs 1,388.70. • Gained 55.06% in three trading days. • Showed a profit growth of 21.63% in the past three years. • Significantly decreased debt by 29.13 Cr. • Maintains an effective average operating margin of 28.56% in the last five years. • Maintains a healthy liquidity position with a current ratio of 4.53.  

[linkbusinessnz]

Unlocking the Secrets of Company Valuation: Essence of Value

In the vast world of finance, one term that stands as a cornerstone is " valuation." It's a concept that encapsulates the essence of a Company Valuation worth, a pivotal metric that guides investors, analysts, and stakeholders in making critical decisions. 

But what exactly does it entail? Let's delve into the intricacies of the company’s valuation to uncover its significance and shed light on the methodologies employed.

Decoding the Valuation

At its core, valuation is the process of determining the intrinsic value of a business entity. This valuation extends beyond mere financial figures; it encompasses a holistic evaluation of various factors, including market dynamics, growth prospects, competitive positioning, and risk assessment.

Key Factors Influencing Valuation

Financial Performance: A company's financial health serves as a fundamental determinant of its valuation. Factors such as revenue growth, profitability margins, cash flow patterns, and asset composition play a pivotal role in assessing its monetary worth.

Market Dynamics: External market conditions exert a significant influence on valuation. Factors like industry trends, market demand, competitive landscape, and macroeconomic factors shape investors' perceptions and, consequently, the valuation of a company.

Growth Potential: Investors are inherently forward-looking, and hence, the growth potential of a company holds immense significance in its valuation. Factors such as product innovation, expansion strategies, market penetration, and scalability contribute to assessing the growth trajectory and, subsequently, the valuation multiples.

Risk Assessment: Every business venture carries inherent risks, and evaluating these risks is crucial in determining the appropriate valuation. Factors such as industry volatility, regulatory environment, competitive threats, and operational risks are meticulously analysed to gauge the risk-return profile associated with the company.

Methodologies for Valuation

Several methodologies are employed to ascertain a company's valuation, each offering unique insights into its worth. Some of the prominent valuation techniques include:

Discounted Cash Flow (DCF) Analysis: This method of company valuation involves forecasting a company's future cash flows and discounting them back to present value using an appropriate discount rate. DCF analysis provides a comprehensive evaluation of the company's intrinsic value based on its cash generation potential.\

Comparable Company Analysis (CCA): CCA involves comparing the target company with similar publicly traded companies in terms of size, industry, growth prospects, and financial performance. Valuation multiples such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Enterprise Value-to-EBITDA (EV/EBITDA) are utilised to derive the company's valuation relative to its peers.

Asset-Based Valuation: This approach assesses the company's value based on its underlying assets, including tangible assets such as property, plant, and equipment (PP&E), as well as intangible assets like intellectual property and goodwill. Asset-based valuation provides a floor value for the company, which is particularly relevant in distressed or asset-heavy industries.

Market Capitalisation: Market capitalisation, or market cap, represents the total value of a company's outstanding shares in the stock market. It's calculated by multiplying the current market price per share by the total number of outstanding shares. The market cap serves as a real-time indicator of the market's perception of the company's worth.

Wrapping Up

In the intricate tapestry of finance, company valuation serves as a guiding beacon, illuminating the path for investors and stakeholders navigating the labyrinth of investment decisions. Understanding the essence of valuation entails a holistic appreciation of financial metrics, market dynamics, growth prospects, and risk assessment.

By embracing the interplay of quantitative analysis and qualitative judgment, investors can unravel the mysteries of valuation, unlocking hidden value and seizing opportunities in the ever-evolving landscape of finance. As we continue to traverse the tumultuous waters of the global economy, valuation remains an indispensable compass, guiding us toward informed decisions and prosperous outcomes.

Source: Unlocking the Secrets of Company Valuation: Essence of Value

[stockmarketanalysis]

Understanding Market Value Ratios: A Guide for Everyone

When it comes to making smart financial decisions, understanding numbers isn't just for accountants or stockbrokers. One of the most crucial sets of numbers to know in the world of investing and corporate analysis is Market Value Ratios. But what are they, and why should you care? Let’s dive in.

What Are Market Value Ratios?

Think of Market Value Ratios as a financial thermometer. They measure how a company is performing in the stock market compared to its peers. These ratios give investors a snapshot of a company's financial health, profitability, and growth potential.

Why Are Market Value Ratios Important?

Why should you care about these ratios? Imagine buying a car without knowing its mileage or condition—it’s risky, right? Similarly, investing in a company without understanding its market value ratios is like driving blindfolded. These ratios help investors:

Evaluate Performance: Understand if the company is overvalued or undervalued.

Compare Companies: Make side-by-side comparisons between competitors.

Guide Investment Decisions: Decide whether to buy, sell, or hold shares.

Types of Market Value Ratios

There are several key Market Value Ratios, each providing unique insights into a company. Let’s break them down one by one.

Price-to-Earnings (P/E) Ratio

The P/E Ratio is like the price tag of a company’s earnings. It tells you how much investors are willing to pay for every dollar of profit. For example, a P/E ratio of 20 means investors pay $20 for $1 of earnings.

Formula: P/E Ratio = Market Price per Share / Earnings per Share (EPS)

Why It Matters: It shows whether a stock is overvalued or undervalued compared to industry standards.

Price-to-Sales (P/S) Ratio

The P/S Ratio compares a company’s stock price to its revenue. Think of it as measuring how much you’re paying for every dollar of sales the company makes.

Formula: P/S Ratio = Market Price per Share / Revenue per Share

Why It Matters: This is especially useful for startups or companies with no profits yet.

Price-to-Book (P/B) Ratio

The P/B Ratio compares the market value of a company to its book value (the net value of its assets). It’s like checking how much someone would pay for a house compared to its actual worth.

Formula: P/B Ratio = Market Price per Share / Book Value per Share

Why It Matters: A low P/B ratio might indicate undervaluation, while a high P/B ratio could signal overvaluation.

Dividend Yield

For those who love steady income, the Dividend Yield shows the return you’re getting from dividends compared to the stock price.

Formula: Dividend Yield = Annual Dividends per Share / Market Price per Share

Why It Matters: High dividend yields attract income-focused investors.

Earnings Yield

The Earnings Yield is the inverse of the P/E ratio. Instead of telling you how much you’re paying for earnings, it shows the percentage return on your investment.

Formula: Earnings Yield = Earnings per Share / Market Price per Share

Why It Matters: It’s a great tool to compare stocks with bonds or other investment options.

Market-to-Book Ratio

This ratio compares the market capitalization of a company to its book value. It’s an expanded version of the P/B ratio, offering more detail about financial health.

Enterprise Value-to-EBITDA

The EV/EBITDA Ratio measures a company’s overall value (including debt) against its operating income. Think of it as comparing the price of a house to its rental income potential.

How to Use Market Value Ratios

So, how do you use these ratios effectively? Here are some tips:

Compare to Industry Averages: Ratios vary by sector, so always compare within the same industry.

Look at Trends: A one-time low ratio may not mean much, but a consistent trend tells a story.

Combine Ratios: Don’t rely on just one ratio; look at a combination for a fuller picture.

Limitations of Market Value Ratios

Like any tool, these ratios aren’t perfect. Here are some drawbacks:

Not Always Accurate: They rely on historical data, which may not predict future performance.

Industry Variations: Ratios that look great in one sector may be poor in another.

Can Be Manipulated: Companies might adjust earnings or book values to look better.

Real-Life Examples of Market Value Ratios

Let’s take an example. Imagine two tech companies: A and B. Company A has a P/E ratio of 15, while Company B has a P/E of 30. At first glance, Company A seems cheaper. But if Company B has higher growth potential, its higher P/E might be justified.

How to Calculate Market Value Ratios

Calculating these ratios isn’t rocket science. All you need are a company’s financial statements and some basic math. Here’s a quick guide:

Find Relevant Data: Look at the company’s earnings, sales, or book value.

Use the Formula: Plug the numbers into the ratio formula.

Interpret the Result: Compare the result with industry benchmarks.

Conclusion: Making Informed Decisions

Understanding Market Value Ratios is like having a compass for financial navigation. Whether you’re a newbie investor or a seasoned pro, these ratios can guide you toward smarter, more informed decisions. They’re not perfect, but when used wisely, they’re invaluable.

FAQs

1. What is the most commonly used market value ratio? The P/E Ratio is the most commonly used because it’s simple and gives a quick sense of a stock’s valuation.

2. Can market value ratios predict stock performance? No, but they provide valuable insights that can help you make informed predictions.

3. Are high market value ratios always bad? Not necessarily. High ratios can indicate strong growth potential, but they could also mean overvaluation.

4. How do market value ratios differ from other financial ratios? Market value ratios focus on stock performance, while other financial ratios, like liquidity or profitability ratios, assess operational health.

5. Do I need to calculate these ratios manually? Not usually. Most financial websites and tools calculate these ratios for you, but understanding the math helps you interpret them better.

Mastering Market Value Ratios doesn’t have to be daunting. With this guide, you’re well on your way to making more confident financial decisions.

[barcadlyservices]

https://www.strategicalpha.in/2023/02/11/a-peek-into-corporate-actions/

[freddiemark]

Ather Energy Share Price: Future Outlook for Ather Stock

Ather Energy has carved a niche in the Indian electric vehicle (EV) market, capturing the imagination of riders and investors alike. But who owns this cutting-edge company, how do their scooters perform, and what's the buzz around their stock? Buckle up, as we dive into the dynamic world of Ather Energy. Get in depth information on Ather Energy Share Price.

Ather Energy Ownership: A Vision Realized

The brainchild of Tarun Mehta and Swapnil Jain, Ather Energy was born in 2013 with a vision to revolutionize urban mobility. Today, the company remains firmly under the leadership of its co-founders. Mehta, an IIT Bombay graduate with experience at Motorola and Hero MotoCorp, serves as CEO, while Jain, an IIM Bangalore alumnus, helms the role of CTO. Their deep understanding of technology and the Indian market has been instrumental in Ather Energy success.

Ather Energy Electric Scooters: Performance Packed

Ather's flagship scooters, the 450X and 450S, are more than just EVs; they're testaments to cutting-edge engineering. Boasting a powerful AC PMSM motor, these scooters deliver exhilarating acceleration and a top speed of 80-90 km/h. But performance isn't just about speed. Ather's focus on safety is evident in its robust chassis, advanced braking system, and a 7-inch touchscreen dashboard packed with ride information and diagnostics.

Ather Energy Share Price: Buzzing with Potential

In June 2023, Ather Energy made a remarkable debut on the Indian stock market, generating much excitement among investors. With Ather Energy IPO being oversubscribed by nearly 6 times, the company raised over ₹628 crore. Since then, Ather's share price has seen some fluctuations, reflecting the evolving EV market and broader economic factors. However, analysts remain optimistic about the company's long-term prospects, citing its strong brand identity, technological prowess, and expanding fast-charging network.

Ather Energy has become a hot topic in the Indian stock market, with its innovative electric scooters and rapid growth capturing the attention of investors. To help you navigate the buzzing world of Ather Energy Share Price, here are some insightful blogs delving into different aspects:

1. Riding the Electric Revolution: Analyzing Ather Energy Share Price

This comprehensive blog dives deep into the factors influencing Ather Energy Share Price. It explores market sentiment, the burgeoning EV industry, Ather's product innovation, sales performance, and expansion plans. It also provides a historical overview of the company's journey and offers an optimistic outlook for future growth.

2. Ather Energy Ltd Share Price - Technical Analysis and Future Predictions (Planify)

This blog takes a more technical approach, analyzing Ather Energy Share Price through charts and graphs. It examines various technical indicators like P/E Ratio, Market Cap, and EV/EBITDA, providing insights for seasoned investors. The blog also offers potential future predictions based on technical analysis, although it emphasizes the inherent risks and uncertainties involved.

3. Can Ather Energy's Stock Outpace Hero MotoCorp? (Moneycontrol)

This blog takes a comparative approach, analyzing Ather Energy Share Price alongside the established player Hero MotoCorp. It highlights the difference in their business models, market segments, and growth potential. The blog offers valuable insights for investors looking to diversify their portfolios with a mix of traditional and emerging players in the automotive sector.

4. Is Ather Energy Stock Overvalued? Examining Risks and Rewards (Seeking Alpha)

This blog takes a cautious approach, exploring the potential risks associated with investing in Ather Energy. It examines the company's profitability, competition, and valuation concerns. While acknowledging the company's strong potential, the blog encourages investors to carefully consider the risks before making a decision.

5. The Ather Community: A Platform for Share Price Discussions and EV Enthusiasm (Ather Forum)

The Ather community forum isn't just for tech enthusiasts and scooter owners. It also has a dedicated section for discussing the company's share price. Here, you can find insightful threads analyzing market trends, sharing investment strategies, and discussing news impacting Ather's stock performance. Remember, these discussions are for informational purposes and shouldn't be considered financial advice

[kenresearch6-blog]

Exide Industries Takes Lead in Lithium-ion Battery Market with Strong Customer Connect and Impressive Order Book: Ken Research

Exide Industries leads in lithium-ion batteries, with strong customer relationships and a Rs 600-700 crore order book. Joint ventures and a multi-gigawatt cell manufacturing plant further bolster their market position.

Storyline

Exide Industries leads in customer engagement.

Current order book worth Rs 600-700 crore.

Joint venture with Leclanché SA for lithium-ion batteries.

As per Ken Research, the initiative has received mixed reactions from industry experts.

1. What’s it all about?

Exide Industries, a major storage battery player, feels that it is ahead of its competitors in the lithium-ion battery business, particularly in terms of customer relationships. With an order book worth Rs 600-700 crore, the company's module and pack making facility is set to fulfill orders from two-wheelers, three-wheelers, commercial vehicles, and telecom OEMs over the next 12-15 months. Additionally, the company's collaboration with Leclanché SA and its establishment of a multi-gigawatt lithium-ion cell manufacturing plant further solidify its position in the market.

Also Read: Global Battery Market Trends

2. What else to showcase the USP?

The company also formed a joint-venture with Switzerland-based Leclanché SA & has been making lithium-ion batteries modules and packs in Gujarat. The collaboration was done in June, 2018, in a bid to foray into lithium-ion battery systems and energy solutions, eyeing India’s EV market.

Moreover, setting-up of a green-field multi-gigawatt lithium-ion cell manufacturing plant in Karnataka is also on the plates for Exide. For this, the company has entered into a multi-year technical collaboration agreement with China’s SVOLT Energy Technology.

Also Read: Battery Market Dynamics

3. A mixed reaction from Industry Experts?

The company has tied up with SVOLT for Li-ion manufacturing and is already in discussion with 2W, 3W, CV and Telecom OEMs. However, as domestic PV OEMs have already tied-up with other companies for the procurement of EV cells, the company’s addressable market size is anticipated to be limited. We have assumed Li-ion battery business revenues of Rs1700 crore and EBITDA margin of 5% in FY2026,” Kotak Institutional Equities said in its report on Exide.

 “Although Exide Industries will be foraying into the EV battery space over the coming years, it needs to secure orders from OEMs. Given limited opportunity in the EV PV segment, the company will have to win orders in other segments. The valuation remains fair at the current juncture and a re-rating of the stock will depend on its ability to transition to lithium-ion technology,” the domestic brokerage firm noted.

Also Read: Global Li-ion battery market Future trends

[valueteam]

Company Valuation

Company Valuation is a critical financial concept that involves determining the estimated worth of a business entity. It plays a pivotal role in various business transactions, such as mergers and acquisitions, fundraising, initial public offerings (IPOs), and financial reporting. Valuation provides insights into the perceived value of a company, helping stakeholders make informed decisions.

Valuation methods can vary based on industry, company size, growth prospects, and available data. Some common approaches include:

Market Capitalization: This method values a company based on its current stock price and the total number of outstanding shares. Market capitalization is calculated by multiplying the stock price by the number of shares. It's a simple way to gauge the public's perception of a company's value.

Comparable Company Analysis (CCA): CCA involves comparing a company's financial metrics to those of similar publicly traded companies. Ratios like price-to-earnings (P/E), price-to-sales (P/S), and enterprise value-to-EBITDA (EV/EBITDA) are used to assess relative valuation.

Precedent Transaction Analysis (PTA): PTA examines the sale prices of similar companies in the past. This approach provides insights into what buyers have been willing to pay for comparable businesses and helps establish a valuation range.

Discounted Cash Flow (DCF) Analysis: DCF is a fundamental valuation method that estimates a company's value based on its projected future cash flows. Cash flow projections are discounted back to present value using a chosen discount rate, which accounts for the time value of money and risk.

Asset-Based Valuation: This method values a company based on the value of its net assets. It's particularly relevant for asset-intensive industries. Two common approaches under this method are the going concern value and the liquidation value.

Earnings Multiples: This approach values a company by multiplying its earnings by a certain multiple. The choice of multiple depends on industry norms and company-specific factors.

Option Pricing Models: These models are used to value companies that have complex ownership structures, such as startups with employee stock options. The Black-Scholes model is an example of an option pricing model.

Income Capitalization Approach: Commonly used in real estate, this method estimates a property's value based on its income-generating potential.

Replacement Cost Valuation: This approach estimates the cost of replacing a company's assets with similar ones at current market prices.

Intangible Asset Valuation: For companies with significant intangible assets like patents, trademarks, or brand recognition, specialized valuation techniques are used to determine their value.

It's important to note that valuations are not absolute values but rather informed estimates based on available data and assumptions. Different valuation methods can yield different results, and the final valuation often lies within a range. Factors such as market trends, economic conditions, competitive landscape, and management quality can all impact a company's valuation.

For startups and companies with limited operating history, valuation can be particularly challenging due to the uncertainty surrounding future growth and cash flows. In such cases, investors might focus more on the company's potential and the quality of its team and technology.

In conclusion, company valuation is a multifaceted process that draws on various methods to determine a company's worth. It's a dynamic and complex field that requires careful consideration of financial, market, and industry factors to arrive at a well-informed valuation.

[techit-rp]

Top Financial Skills Every Young Professional Should Master in 2025

In 2025, the world of finance is more dynamic and digitized than ever before. From AI-powered investment tools to blockchain-enabled banking, young professionals entering the workforce need a robust set of financial skills to stay ahead. Whether you're an entrepreneur, aspiring banker, analyst, or simply want to manage your money better, financial literacy is non-negotiable.

And guess what? These skills aren’t just for finance majors anymore. In fact, enrolling in a specialized program—like an investment banking course in Kolkata—can give you a serious edge, regardless of your industry.

Here’s a breakdown of the top financial skills every young professional should master in 2025—and how you can get started today.

1. Financial Planning & Budgeting

Why it matters:Budgeting isn't just about cutting coffee expenses. It’s about aligning your income, expenses, and goals. Financial planning helps you track your spending, plan for big purchases, save for emergencies, and invest wisely.

Master this skill by:

Using budgeting apps like YNAB, Mint, or Goodbudget

Creating monthly and annual financial goals

Learning the basics of income vs. expense tracking

Pro tip: Most investment banking courses teach you how to structure financial models for corporations—skills you can easily adapt to your personal financial life.

2. Understanding Financial Statements

Why it matters:Every business—whether a startup or multinational—relies on three key financial statements: the balance sheet, income statement, and cash flow statement. Understanding how these work is critical for anyone entering the professional world.

Master this skill by:

Learning to read and analyze these documents

Understanding financial ratios (e.g., ROE, debt/equity)

Practicing with real-world company reports

An investment banking course in Kolkata is a great way to get hands-on experience analyzing these financial statements and applying them to investment decisions.

3. Investment Basics and Portfolio Management

Why it matters:In an age where investing apps like Zerodha, Groww, and Robinhood are at our fingertips, understanding how to invest smartly is crucial. Random investing without strategy is a fast track to loss.

Master this skill by:

Learning about asset classes (stocks, bonds, mutual funds, ETFs, etc.)

Understanding concepts like diversification, risk tolerance, and compounding

Simulating portfolios or investing small amounts to gain experience

Courses in investment banking help you dive deeper into portfolio strategies, risk-return metrics, and equity research, making you more confident with your own investments.

4. Valuation Techniques

Why it matters:Whether you're analyzing a company for investment, evaluating a startup’s worth, or considering M&A opportunities, knowing how to value a business is a key professional skill.

Master this skill by:

Learning DCF (Discounted Cash Flow) analysis

Exploring multiples like P/E, EV/EBITDA, etc.

Practicing with real company case studies

A reputed investment banking course in Kolkata can teach you how to use these techniques practically, making you a valuable asset to employers and clients.

5. Risk Management and Financial Decision-Making

Why it matters:Recessions, inflation, market crashes—uncertainty is the only certainty in today’s financial landscape. Being able to assess financial risk and make informed decisions is vital.

Master this skill by:

Understanding types of risk: market, credit, operational, and liquidity

Learning tools like sensitivity analysis and scenario modeling

Staying updated with global financial news and trends

In investment banking, risk is not just a factor—it’s a focus area. That’s why many investment banking courses in Kolkata train students in advanced risk analytics and decision-making frameworks.

6. Excel and Financial Modeling

Why it matters:Excel is the language of finance. Whether you're creating a personal budget or building complex financial models, Excel is your go-to tool.

Master this skill by:

Learning functions like VLOOKUP, INDEX-MATCH, Pivot Tables

Building income statements, cash flow projections, and valuation models

Practicing with mock financial projects

Most investment banking courses integrate advanced Excel training and real-world modeling tasks, helping you become job-ready fast.

7. Communication of Financial Information

Why it matters:It’s not enough to know the numbers—you need to communicate them effectively to clients, stakeholders, or leadership.

Master this skill by:

Practicing writing executive summaries and investment memos

Creating charts and visuals that simplify complex data

Presenting financial insights clearly and confidently

Presentation skills are a key part of the curriculum in many investment banking courses in Kolkata, making you not just a number-cruncher—but a storyteller.

8. Knowledge of Financial Markets & Economic Trends

Why it matters:The global economy affects everything—from your job prospects to your investments. Understanding how interest rates, inflation, or monetary policy impact financial markets is crucial.

Master this skill by:

Following economic news via Bloomberg, CNBC, or The Economic Times

Understanding central bank actions and fiscal policies

Watching the trends in commodities, currencies, and global indices

An investment banking course in Kolkata will help contextualize this macro knowledge in your financial analysis and investment strategies.

9. Ethics and Regulatory Awareness

Why it matters:The financial industry is heavily regulated—and for good reason. Ethical practices and regulatory compliance protect investors and businesses alike.

Master this skill by:

Learning about regulations like SEBI, RBI policies, insider trading rules, etc.

Understanding fiduciary responsibilities and data privacy

Staying honest, transparent, and responsible in financial dealings

Top-tier investment banking courses emphasize ethics and governance, helping you build a reputation of trust and credibility.

10. Continuous Learning and Adaptability

Why it matters:Finance is evolving rapidly—thanks to AI, blockchain, and fintech. Your ability to keep learning and adapting is your biggest asset.

Master this skill by:

Taking certification courses and attending workshops

Joining finance communities and LinkedIn groups

Staying curious and proactive about emerging tools and trends

A high-quality investment banking course in Kolkata, like those offered by institutes such as the Boston Institute of Analytics, is designed with future trends in mind—ensuring you're always one step ahead.

Final Thoughts: Invest in Your Financial Growth

In 2025, mastering financial skills is not just a professional requirement—it’s a personal superpower. Whether you're managing your own money, climbing the corporate ladder, or building your own business, the right financial toolkit can help you make smarter, more confident decisions.

And if you're ready to go beyond YouTube videos and blogs, enrolling in an investment banking course in Kolkata is a powerful step toward real financial fluency. You’ll gain not just knowledge, but hands-on experience, expert mentorship, and industry connections that can truly accelerate your career.

[puneettalks]

This is my reply to an analyst who wanted me to sell VI shares. This reply will be a little lengthy so kindly bear with me. Telecom is high capex business we all know so debt 1.5 lac crore + is common for all operators. Same balance sheet also have assets worth 2lac crore + . You also know there are 100 ways to present the same balance sheet so let me highlight few points here on debt side idea has nearly 16000 cr of income tax and gst refunds pending which can’t be part of debt also there are committed receivables of 6600 cr from parent Voda PLC on ground of contingency payment again can’t be shown in balance sheet. Then in agr case idea has submitted detailed data of 5925 cr of arithmetic errors in principle demand which along with interest and penalties is 4 times of this which will eventually will be reversed today or tomorrow either by SC or some international court as charging twice is against the basic principle principle f justice. In recent reforms 1.0 BG on spectrum and other dues likely to be removed as per reports this will reduce idea BG/debt by 14000 cr ( more details awaited ) all this put together brings effective debt of idea at 1.4 lac-1.5 lac crore range. Now let’s come to other aspect of BS which is assets and depreciation RIL claims they have invested capex of 3.5lac crore + to built Jio, idea balance sheets says their assets are at 2lac crore yet the depreciation for Jio is 12000 cr per annum and for idea it’s 25k cr. What kind of non depreciating assets Jio has built in this highly technology dependent industry? Jio debt is reported to be around 1.5 lac crore then 2lac crore must have been equity so what kind ROI is required for such huge equity. Anyways now come to valuations. With 4 years of moratorium question of idea survival is settled so we will take valuations in current scenario as well as future scenario in current case since net worth is negative and cash flows are minimal so we have to do valuations in terms of intrinsic value. Jio took investment of 3.5lac crore and 10 years to built what it’s today EV of Jio is at 6lac crore and bharti airtel is 5.5 lac crore so in that case bare minimum EV of idea comes out at 2.5 lac crore with actual debt at 1.5 lac this makes current value at 34/- a share. With no room for any operator to enter this is a steal deal for anyone to buy and current promoters knows it fully. Now let’s come to future potential let’s assume Vi remains a distant 3rd even after 5G and 4G capex deployment. Still on October 2025 when moratorium will end Vi is likely to have 3 crore 5G users @ 600 arpu. At least 18 crore(already at 12.5 cr and adding every month) 4G users @ 350/- arpu and aprox 7 cr 2G users at 150 arpu annual revenue comes out 110000 crore. Ebitda even on current margins will be 50k crore + so you can very well decide what will be valuations in future. I can understand and dilemma that at what valuations promoters will infuse funds as last time when cmp was 19 they brought rights issue at 12 but I am 100% sure it will be other way around this time logics are one promoters apart from their own funds needs to raise huge funds from external sources so very thin chance they will undersell their company and secondly last time when rights issue was done industry was in turmoil and future was uncertain so it’s justified to have conservative valuations but now for next 5 years telecom is the next sunshine so in any case of current promoters don’t know the value of their diamond ( unlikely assumption) someone else will sure value it like Kohinoor. Rajiv ji, it’s so nice that you replied to my tweet but would request you to kindly go thru whole thread and correct where all I am wrong and hopefully you will change your view on this stock…