Some back of the envelope calculation:
8% PAT assumed for FY25 x 40% rev gr. guidance in FY25 x 775.6 Cr (LY revenue) x 60 PE (assumed) = 5212 Cr market cap
Current market cap = 5194 Cr
[PE assumption = Route Mobile’s PE x 2]
So CMP of Zaggle has already priced this year’s growth potential. Is this a fair statement to make?
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