I got the gist of it. And I am not able to disagree.

We are getting these valuations cuz of uncertainty only.
I think in the next 10 years time frame RBA will do better than other QSR in stock price CAGR

My rational: with per capita income increasing(with 7% we will double in 10 years)
QSR sale will go up n RBA will benefit.

At current valuation we get better margin of safety compared to other QSR.

Debt wise in the con-cal they said they will update in the coming quarters regarding how they will raise money.
With 700 restaurants after 2 years they will try n get profitable next.

I think it a bet worth taking n if u do want to bet on this QSR thing RBA at current value is a good buy
Ps- i have a lot to say but im not very good at expressing myself

I think this is very conservative calculation, but I understand its always wise leave some room for margin of safety. I am expecting the management to formally up the growth guidance after Q2 result. I recall CEO in his recent interview has already indicated that they will up the growth guidance (from 45-55% to a higher number) for the full year. Usually only 35% of the full year revenue is contributed in H1 and since the H2 will have higher volumes, the realizations will be better as the revenue is the function of the take rate (for both Zoyer and co-branded credit card spending). Let’s see what the Q2 numbers look like.

Disc : Invested

A good thread. It got my interest.
Question- before the rigs can be redeployed, around 6 to 8 months are taken for refurbishment and new contract. Also a significant money is required for refurbishment.
Considering that only 5 rigs will operate for complete next year. (Jindal explorer is active in q1 however jindal pioneer will not be active in q4 fy25.
This will impact the PAT for next year by approx. 6 to 7 Cr per quarter.(Based on above calculation)
I will study further to understand unit economics.