I have taken an exit PE of 40 at FY34, when net profit is 710 Cr, making Tips valuation at 28500 Cr at the end of FY34. – This means a 2.7X from here in 10 years.
Difficult to comment on exit PE over a much longer duration for a music label like Tips. How relevant would their music library be at that time? Typically, exit PE depends on the company’s ability to grow after that point.
But if you assume the same exit PE, It is a 5X opportunity in 15 years.
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