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Zuari Industries

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I believe Zuari Industries (the main holding company) has already gone up 3X from the lows and looking worth of a study for the undervalued basis book value
in the Q4F24 analyst presentation, they themselves have published the fair value bases the Zuari Industries quoted investments
I think, it is worth the discussion and need some confirmation/validation from the right book value calculation
here is the snippet from their investor deck


in Q1F25 result, they have added 1000 Cr of OCI , which ideally should go to book value ?
can someone verify ?
Disclaimer - holding and hence biased

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