The Anup Engineering Ltd – Can it scale up?

If I look at the valuations –

Let’s assume they sustain with the same PAT –

June 23 – 19cr
Sep 23 – 22cr
Jan 24 – 22cr
March 24 – 22cr

Forward P/E FY 24 = 2532/85 = 29.7

EPS for June 23 = 18.74
EPS for Sep 23 = 21.91
EPS for Jan 24 = 21.91
EPS for March 24 = 21.91

FY 24 EPS = 84.47

SharePrice = 29.7X84.47 = 2508

Note: The calculation above is grounded in assumptions. The concept here leans towards probabilistic correctness rather than precision.