if we just assume no growth in sales and no improvement in margins for next FY, it’s trading at 11x FY24 EV/EBIDTA and 2.8x Price/Sales. Valuation multiples look cheap. If there are any positive surprises in earnings, it will make it even more cheaper.
As per Dr Chava, music will start from FY25 but market might factor it in the price even before that. So, we can’t wait to time the entry. We can’t trust Dr Chava’s commentary based on the past track record but execution has been great and mostly it will do well down the line. Is it a good time to accumulate if we are prepared for short term pain? Any views will be helpful.
Also, how do we calculate depreciation? Any rule of thumb?
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