Tips predicted PAT for this year ending march 25 is 165cr (assuming they do 30% bottomline growth as guided by management) on a equity capital of 200cr
The ROE comes out to be a humungous 165/200 = 80%
Paying 50 PE for a businesss with 80% ROE that is growing at 30% every year seems like a pretty good deal.
And the moat of music licensing is so deep that it’ll take decades for someone with deep pockets to catch up to them