Frankly, I find Rahul to be sincere and transparent. Even a lil humble (referring to Q3 and Q2 concalls). In past, he has delivered on his forecast.
One worse than expected quarter and we are pointing out flaws. We need to give management some rope here.
As of today, this is a business with 28% ROE, solid Cash from Ops for last 10 years, >150 Cr Net cash, >2% div yield.
Yes, the topline and bottomline growth has come down. But it should pick up considering the management commentary.
Now all this is available at a PE of ~20-21 (Consolidated basis).
In current hot market, this does not seem so bad.
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