Monday, March 28, 2011

INDIAN API INDUSTRY - AVERAGE VALUATION AND FINANCIAL MULITPLES


 
The Indian API Industry has been Unaffected By Global Pressures. But the Valuation  multiple seems to be not appreciative of this. The median P/E multiple of
the sector is 7.8, implying a negative growth of 2% for the Industry. Over the last  5 years, the topline of  key pure play API companies in India have grown @ 25%
and is likely to get stronger as the macro environment is getting favorable