The way demand for shunts is going to skyrocket with so much electronics and electrification on, the projected revenue target of 1600 Cr is expected to be achieved earlier. Just check the projected smart meter orders, and it’s not only in India, the US has similar thing lined up in near future @10-11%CAGR for next 5-6 years. With Green Hydrogen ramp up and battery storage kicking in, the requirement for BMS shunts will further increase. The mgt has also projected further margin expansion in account of the incr revenues.
With that being achieved in earlier timeframe your EPS CAGR will be higher, and since the stock is almost a monopoly and with assured growth at sustainable rate, the PE multiple of 50-60 may become a norm for it, for sometime till growth rates start to drop.
Disclaimer- Invested and biased.
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