Adding some market size numbers, found on Google Bard.
The global biofuels market is expected to grow from USD 133.1 billion in 2022 to USD 204.8 billion by 2028, at a CAGR of 6.3% during the forecast period (2022-2028). Source: Biofuels Market Size, Share & Growth Analysis Report, 2030.
Praj is into ‘engineering services’ to this market.
The global market for engineering services to the biofuels and alcohol market is estimated to be worth USD 10.2 billion in 2023 and is projected to reach USD 15.7 billion by 2028, registering a CAGR of 5.2% during the forecast period (2023-2028).
Compare the above market size to Praj’s FY 23 revenues of Rs. 3529 Cr or $ 430 million. There is a lot of potential to be realized here. However, execution ability and growth appetite on part of management and board matters.
Discl.: Invested
Subscribe To Our Free Newsletter |