INARI FY2022 estimated PAT will be around 300-400M. Extra tax amount will be 18-27M.
From account perspective, not all it's subsidiaries are exceeding 100M, then can minus them out from there to avoid this 1-time tax. Do bear in mind some of it's subsidiaries are enjoying tax incentive. So the impact should not be that bad, comparing to FSI, plantation & glove sectors.
Worst case, just treat it as 1-time tax from Govt, donation for post COVID-19. Cheers.
Director is accumulating & mgmt said the entire year's sales is very encouraging, next year prospect is bright as well. But price broke out & come down few times. I'm very happy with MMSV can come close to 1.60.