Efficient Markets?!!!!

Company A: -
Prior Year Net Rs.3.5 Billion.
Current 9 Months Net: Rs. 0.5 Billion.
Networth - Rs. 24 Billion

Market Cap at BSE: Rs. 206 Billion.

Are markets efficient? You tell me.

In this context, I think two quotes are appropriate:-
"Price is what you pay, value is what you get" - Buffett

"The lin I draw in the sand is that if an asset has cashflow or the likelihood of cashflow in the near term and is not purely dependent on what a future buyer might pay, then it's an investment.  If an asset's value is totally dependent on the amount a future buyer might pay, then its purchase is speculation." - Seth Klarman at the CFA Institute Annual Conference 2010.