That's a great read, thank you for sharing.
DMX comment on Ebitda being 50m by 2026 which seems reasonable. If 20-30x ebitda multiple is actually achievable (this seems less reasonable) then the company valuation on BSE listing would be worth 1.25b at a 25x multiple. At 80% valuation accounting for managements 20%, that's a 1b valuation (if piramal is paid back). At ~65% Findi ownership if Piramal is not paid back, that's a 812m valuation. Share prices of $20.38 and $16.55 respectively. Its a hell of a story, and the company hasn't lead us astray so far.
Ann: FND FY24 Results Presentation, page-70
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$4.22 |
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Mkt cap ! $205.9M | |||
| Open | High | Low | Value | Volume |
| $4.36 | $4.52 | $4.18 | $975.5K | 225.1K |
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| No. | Vol. | Price($) |
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