At 14 P/E = Rs 12.00
At 15 P/E = Rs 12.90
At 16 P/E = Rs 13.70
Even though most of the profit coming from Plantation,i think it is fair to have a P/E around 20 for RICH. Because investors can bank on more Reliable/well established companies rather than others. Look at Cargills, JKH etc...
At 20 P/E = Rs 17.20
Their last quarter EPS = Rs 0.17
RICH's last quarte EPS is 0.17 but this will Probably increase due to higher rubber prices, fertilizer subsidy and higher super center sales in April, December higher prices of goods
What do you think ? What would be the stagnated price for RICH ?