Even after decent set of Q3 numbers and expected EBITDA of 400 cr with a net profit of about 300-330 cr in FY24, why the stock trades at 13 P/E and 7 EV/EBITDA (cash = 1000cr which is 25% of mkt cap)? It looks ridiculously undervalued for this kind of stable business.The revenue/profit has not been dependent on economic conditions if one look at the historic financial statements except in FY21 and FY22 covid impact which i assume is not going to repeat. Any idea why so much pessimism in this stock which deserves 16-20 EV/EBITDA ?
| Subscribe To Our Free Newsletter |
