@Rinkesh_Shah - PE is not the only criteria of valuation. PE for WIL looks inflated as newly started segments from 2021 are not profitable and have not reached optimum capacity utilization. Current margins are around 4.5 to 5%. As per the management, margins should revert to 7% from Q4FY24 onwards. Do calculate what could be the operating profits if margins goes to 7% and see EV/EBITA. Of course, in short term anything can happen. Directionally management doing all right things to improve return ratios.
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