Assuming 300cr EBITDA, the profits would be 200cr+ i.e. approximately double from current levels.
The current valuations are not stretched by any means so it would be fair to assume the stock doubling in 3-4 years purely based on profit growth + any valuation re-rating would be icing on the cake.
The risks that I see are :
Dumping from other countries
RM price fluctuations
Forex risk as the exports increase
The key thing to track here will be the capacity utilization and geographical expansion. The next 1-2 quarters can be soft and that can give opportunities to enter.
Disclosure : Not invested but definitely interested
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