Hello Everyone,
Have been going through the Company, Looks Interesting and Cheaply Valued on the Face of it.
They should do Revenues of 2000 Crores as of FY23 with a PAT of close to 200 Crores. Market Cap at 2500 Crores gives it a PE of 12-13x FY23 Earnings.
The Company has historically Grown at 20%+ and has been able to maintain Margins on the higher Teens end for the last 3-5 years except Fy23 where the Margins should remain close to 15% mark (The Operating EBIT Margins)
Given the Industry is a Neglected One, with the Group as well not doing well, This might be one of the Opportunities to look for.
An Additional Capex of 300-500 Crores is expected to come on stream between FY23/24. Some Scale up from here should help as well.
Wanted to know if someone else is working on the same and Has some Anti Thesis or Thesis here.
Studying More Currently.
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