What I am looking at is
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Company didnt have revenue growth since last 5 years. However, now company is targeting high topline ( with data centre & FGD business at the centre ). Even in concall, Mr. Gupta talked about 10000 Cr. Revenue in future – thats a strong call.
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High receivable business of wind power is out of the way.
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Even at 2000 Cr. Revenue in FY25 – it will be 300 Cr. Operating profit.
Current mcap – 2200 Cr ( ex cash/cash equivalent ) -
EPC business is very high ROE, which should give the company much higher multiple.
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Company has lot of surplus cash, which will be very rewarding for the shareholders by means of dividend/ buyback.
All in all, if you dont have topline growth, the company doesnt get attention from investor. That was the case with techno earlier.
I for one think thay Techno management is on the right track and their TOPLINE execution is what I will be keenly watching.
If company executes 30% topline for a longer time ( they are guiding for 30-40% for next 3 years ), then this is the company is to watchout for.
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