An interesting take from Cartica Capital which is the 2nd largest public shareholder in the stock after Nalanda.
Video Link - https://www.youtube.com/watch?v=BnoCjHHyjJU
Check 2.40 to 4.10 . The overall interview is also interesting.
You might want to read up on Modigliani Miller Model for valuation
In rising inflation/interest rate environment which we are in for next few years growth is scarce so large investors chase few stocks which beat inflation so.. PE become ir-relevant.