I have not done any such calculation. My investment horizon is much longer and I expect its revenue to grow at 20%+ CAGR for a long time.
I believe that valuation is less important for a very long investment horizon. I’m looking at it from the perspective of relatively small market cap vis-a-vis opportunity size, growth potential and capable management. I do not have any quantitative workings in excel or in my mind. However, If one is looking at it from near term perspective, broad calculation could be as following:
Assuming ~Rs.1050 cr revenue and ~Rs.90 cr PAT for FY23E, stock is available at ~3x EV/Sales and ~35x PE. You can tweak it as per your assumptions.
Disc: Invested. I am not SEBI registered Advisor/Analyst. The information provided above is for education purpose only
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