While I’m not a valuation expert, my rough estimates suggest that with a projected PAT of ₹160 crore for FY25 (₹40 crore in Q1), and applying multiples of 10-15 along with cash reserves of ₹1400 crore, the market capitalization would be in the range of ₹3000-₹3800 crore.
The current Mcap is 4800 cr with PE of 22. It might correct some more from these levels (not a expert!). Feedback welcome!
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