So IPL team ( I cannot say what valuation for the same)
dominant viewership in regional tv.
consolidation in media and very few so dominant regional players.
crossed pre pandemic bottomline in FY 2023.
ROCE consistently very high since many years
looks fit case as a consistent compounder of earnings through high ROCE.
Receivables have gone high in past years, although being a media company should not be a big problem but reduction in the same will further increase ROCE numbers.
this trades cheap definitely.
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