Thanks! As I am holding this company since long time(& holding it from lower level) and I am trying probe what would be right valuation for this business as revenue quality is also improving due mix from value added products are on rise. I think reasonable PE should be b/w 15-20 but if you see it’s real competitor Pyramid, it has got rich valuation compared TT but it has also better return ration (which I am expecting in future for TT, if they continue on this path).
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