PE ratio (Trailing) may not be the right metric to look at for such cases where there is a complete business transition, nor is it advisable to look at past data when the transition has happened only very recently (and is not even over yet as they still have some revenues coming in from their old trading business, which as per their concall is expected to be 0 only by the Q3 of FY25).
The margins are expected to drastically improve in the current line of business as compared to what it was in a trading business. The prices are obviously somewhat accounting for that.
For the very same reasons outlined above, CFO is also rendered useless at this point. Profitability, I believe will certainly increase.
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