Let’s think of this in terms exit multiples… Year 2028, Book Value consolidated should be Rs. 1200 @ 15% PA growth… taking an exit PB multiple of 2.5, the discounted share price in 2028 should be around Rs. 3000 and at 3 times PB, Rs. 3600. This is between 12% to 15% kind of compounding from here on… there could be some optionality in case they decide to de emerge subsidiaries or if the new CEO does some wonders.
It’s for each of us to decide individually if 12 to 15% compounding is good for us or not.
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