Thank you Mr ankit george to actually start a thread on MTAR tech.
Note: MTAR is one of my biggest holding and only one decadal play i feel i have at this moment of time, So my view could be biased.
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Few points worth noting here:
Nuclear project through NPCIL could be game changer for MTAR as it stands to make around 100 crores from one setup and we expect atleast 15-20 setups by 2031 from NPCIL. (if i get the exact number i will share it). This are very high margin business (upwards on 35%).
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ISRO has asked to triple its capacity to MTAR which shows the confidence top organization has on the company.
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At present Alkaline and PEM technology are more meaningful in hydrogen world, but Solid oxide fuel is not that far away. Initial rounds of sales has happened for electrolyser and this should only scale further. As per noumura report , out of the total capacity of electrolysers that is going to come by 2030, roughly 20% will come from tech other than alkaline and PEM which makes the market quite big.
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A stock with 60-70 PE doing a growth of 80% which i feel is completely justified.
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