We expect the company to grow its Revenue/EBITDA/PAT at a CAGR of 44% / 50% / 84% for the period of FY26-FY28. The company is currently trading at 18x FY28E and we value the company to trade at a PE of 17x FY28E EPS, implying a target price of INR 489 with the downside of 4%.