So was doing some digging on valuation report – Noticed that almost 300 cr drop in cashflows (NOPAT) from FY 28 and onwards (100 cr in two SPVs, 80 cr in 3rd and some 20-30 cr odd in 4th).
Currently at Rs 12 DPU – total distribution is appx 1,100 cr. So with drop of above 300 cr, estimated distribution will become appx 800 cr in FY 28 (may have some impact in FY 27 as well). So it seems that they may maintain 12 DPU for FY 25 and FY 26 but may drop to Rs 2.5 per quarter / Rs 10 for FY 27 and later Rs 2 per quarter / Rs 8 to FY 28.
Am I missing something here?
