Hi srinivasa, how did you arrived at this price since at today’s price it seems to be highly overpriced. Even if we assume a topline of 1500 crore for FY 24 and also assuming that the high cost inventory gets exhausted fron the system which will lead to PAT margin stablisation to 15%, the resulting one year forward PE is 53. What growth rates have you factored in to arrive at this price ?
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