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Stiff pricing !
Net sales and PAT for the June 2014 quarter stood at Rs 74.77 crore and Rs 8.52 crore. However, due to the seasonality of business, the same cannot be annualized. Net sales were Rs 503.73 crore and PAT Rs 55.31 crore in FY 2014. On a post issue equity share capital of Rs 21.73 crore, EPS for FY 2014 was Rs 25.5. At the lower price band of Rs 630 and higher price band of Rs 645, the offer price discounts FY 2014 earning 24.8 times and 25.3 times, respectively. Raymond, the largest player in woolen segment, trades at around 22 times consolidated FY14 EPS. Domestic-focused denim wear player Kewal Kiran Clothing trades at around 33 times FY 2014 EPS.