That is some significant forward looking growth in revenue! They closed out FY22 with ~ 950 cr.
I am of the view that the electrical steel laminations space in India is highly fragmented, and there’s a huge opportunity available for a company with great capital allocation and execution skills to grow rapidly, both organically or through M&A.
• Though anecdotal, while travelling through the industrial belt of Tamil Nadu and Karnataka, I have noticed many small industrial units that sell electrical steel laminations.
• As this domain becomes more consolidated, there are going to be a lot of eyeballs on it, and Pitti Engineering (which I am assuming is the only listed player) has the opportunity to benefit greatly from this.
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