Debt certainly is there and its pretty sizeable compared to the market cap. This actually could turn to be a positive factor once the rate cycle starts to reduce, the reduced component of interest cost on the P/L will be significant.
Holding company valuation is usually around 30-40% of the actual value, however still its a very undervalued scrip with a fair value of atleast 7500cr i.e. a 3x opportunity.
speaking of holding company discount, does the same apply to Jio Finance valuation for its 6.1% holding in RIL …!
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