Ann: FY14 Results Investor Presentation, page-31

Could you point me to specific links re Damodaran, Greenwald, etc.

In the meantime, you might be interested in Joel Greenblatt's view here

http://csinvesting.org/wp-content/u...sion-of-MCX_Case-Study-and-Capital-Theory.pdf

With this particular extract:

"Growth capex can be defined as any expenditure which is undertaken in the interest of increasing revenues and profits, while maintenance capex can be defined as any expenditure which is undertaken to sustain current revenues and profits."