Current OPM are at the level seen in the period of FY14 to FY19. In those years, mkt valued this business at 2(Mkt Cap/Sales), 10(EV/EBITDA), and 20(PE) on average basis. These parameters are currently at 7.4(Mkt Cap/Sales), 37(EV/EBITDA), and 57(PE).
You need to focus on the levers that are expected to improve the OPM and revenue to take a final call on the trajectory of the current valuation.
Details as below:
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