But even today its PEG ratio after taking average PAT growth for the last 3 years is 0.34. On TTM basis it is 0.17. As per a report published by ICICI Direct in August 24, EBITDA margin for the company for FY25E is 46.9% and FY26E is 48%. PE for FY25E is 14.5 and FY26E is 11.8. Net profit estimated to grow at 20+ % for the next 2 years. This again leaves future PEG ratio to be way less than 1. Forward valuation seems to be cheap in every aspect. However, I am still not able to think of a practical explanation regarding the future sustainability of the current margins (59%, which is the highest ever).
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