I think now it has entered the <30 P/E zone. I feel it is at reasonable levels now. Less than 25 may make it cheap. This is a rough calculation. Subject to correction : I’m a newbie to this.
FY21 Net profit = 535
FY22 Net profit = 535+139.15 = 674.15 ~ 675 (Excluding termination)
Reported PAT – 675+631crs (Termination income) ~= 1307
Outstanding shares = 362,504,035
General EPS (adjusted) – 1288 cr /362,504,035. = 35.5
General P/E = 536/35.5 = 15.09
Actual EPS (adjusted) – 675 ~ 665 cr /362,504,035 = 18.34
Actual P/E = 536/18.34 = 29.22
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