Analysts/Institutional Investor Meet/Con. Call Updates LT Foods Limited has informed the Exchange about Transcript · 2024-01-29
Hi sir. Good evening. Sir, I've got two questions. First question is on our guidance of 20% ROE for FY24. First of all for FY25, sorry. Sir, are we on track for that? Because we'll have to do about INR730 crores PAT next year to achieve that. That is the back of the envelope calculation of...
Right, right, right. So my other question is about since we're generating a lot of cash flow lately, so there's been deal about Capital Foods got acquired at INR5,500 crores, Organic India got acquired at INR2,000 crores. Our market cap after 70 years of being in existence, having Big Four as our auditors, now being market leaders in rice is nowhere close to -- I still don't like the stock price of INR110, INR120. I used to ask you why you are doing buybacks. And that same question I asked at INR200 also. And now, you have proof of concept also that what - - how that market value continues to go lower facing food companies. Have you given a thought that would increase the ROEs of cost? And have you given a thought of what if we do a INR500 crores kind of buyback and reduced equity by 7%, 8%? But I'm sure the markets will start rewarding the stock in a very different way once that happens.