Dear Snoopy,
I have expected such an answer from you. You are still very obsessed with Agria is going bankrupt!
Fact is Agria has done very well during the past 2 years. You must consider David has taken over
Goliath.
|
|
june 2013 |
June 2012 |
June 2011 |
Total Liabilities |
509,283 |
595,297 |
1,021,720 |
|
|
|
|
|
Goodwill |
3,286 |
140,541 |
138,151 |
|
|
|
|
|
Intangible Assets |
7,124 |
58,517 |
61,644 |
|
|
|
|
|
Net Tangible Assets |
76,836 |
28,986 |
22,935 |
|
|
|
|
With Net Tangible Assets = Market Capitalisation, Agria is fair valued at the Moment.
If you put in mind how fast their domestic seeds market is developing, and their
succes with reducing debt and improving the quality of their book value, it is
hard to follow your conclusion.
If you compare market cap of Monsanto and NTA ratio, with Agria you must
admit that Agria is still cheap.