Hi Ravi,
Thanks for commenting.
Jupiter is currently 70 PE and with a market cap of Rs 9700 Cr.
Assuming net profit margin more than 15% would be to much optimistic outlook. Narayan hyudaya has 15%, Max has 20% and apollo has 4% net profit margin. so 15% expectation is itself on higher side.
CAGR coming negative because I am not valuing year 2026 and 2027 at 70 PE droping PE at industry level which is 50. so PE valuation is dropping price by 30%.
In Future, rise in share price will have to be totally on earning basis, not from PE expansion. Hence giving multiple of more than 50 is very risky.
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