@vaibhavagarwal07 You might want to track this thread
https://forum.valuepickr.com/t/dcm-shriram-industries-time-for-takeoff/106374
People already following this demerger since Jun’23 and have written at length on it
On first looks though, combined valuation looks cheap of the consol entity, given it has decent margins, cash accruals and okayish leverage. Will need to study in detail. I’ll comment if i get something.