Look super interesting. In 1HFY23 company has grown PAT to Rs38crs +90% YoY. If they can maintain the same in 2HFY23 they should do PAT of Rs76crs. So at Rs956crs company is trading at a P/E of 12.6x for company with 15% plus RoE and net cash balance paying decent dividends and growing.
The shift of manufacturing to India is a very big deal. India produced produced products are cheaper than China or Taiwan now. So I wonder if D Link can be used to supply to other countries also in the future using the contract manufacturing in India.
You are already seeing the rise of EMS (electronic manufacturing service) in India with the likes of Syrma SGS who is talking of 40% industry growth. D-Link is of course not an EMS firm but might be sourcing from EMS firms
Disclosure: Invested
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