While KPI’s cost of equity is more than its cost of debt. I would look at it favourably. One major difference between Waaree ren and KPI is their debt. Waaree has virtually none. A lower debt can ease investor concerns and help in the rerating. Going forward, this will also help the bottom line. This quarter itself it was 23 Cr. 23*0.75=17.75 Cr addition to PAT
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