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Wednesday 23 August 2017

AGRITECH INDIA LTD

Co is implementing some food park. However revenue from same should start only in CY19. Till then, co has zero business
However stock is being promoted that _Agritech has reported huge EPS and stock trading at very low PE_

However truth is entirely different
In FY16, co had EPS of 21.90 but it was *only due to one time gain from land sale* Without same, co would have shown small loss
Similarly in Q1,there is EPS of 27. This too is *only due to one time gain from sale of Nath Bio shares* Without same, EPS would be zero
Hence investors should take decision after considering above facts

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