The recent correction seems to have brought back the odds in favour. If the management manages to achieve a topline of 4000Cr in FY25 and 4600Cr in FY26 with a slight margin improvement – it should do a PAT of around 250Cr in FY26. An exit multiple of 18-20x (which is not an unrealistic expectation in my opinion) can produce more than decent outcomes.
Disc: Invested. Not a recommendation
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