Initially i assume that the selling and distribution expenses to be a bit elevated as its in expansion mode along with the depriciation on the robos and machinary which will depress the PAT margins. So conservatively assuming 15%, athough it may inch up to 18-20% as they expand. In case they are able to deliver on there promise then market would surely react positively and upgrade the valuation. But till then its a wait and watch per my opinion. I may be completely wrong in my assumtions but its ultimately a probablistic game.
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