It is already plying out. If you please refer to the screener data,Company has delivered good profit growth of 47.1% CAGR over last 5 years
& Company has been maintaining a healthy dividend payout of 44.9%.
The stock price is already reflected for the company Financial performance.
It is a bio- technology company with strong R&D & support from Govt for product innovation especially in areas of alternate fuels or Biofuels such as Ethanol 1G/ 2G, CBG and doing work on Methanol & a host of other innovative products on pipeline The Govt is planning to reach its ambitious target of 20% ethanol blending by 2024-25 as against 12% now and further encourage flex fuel vehicles, You nay please read the entire thread to get some insights.
While the domestic story is being played out well and it may likely to continue to play out in future as well, however ,
In view of the recent development of Global Biofuel alliance and the fact that it is already in to export of Ethanol plants, we are looking for any Mega trend in coming days in terms of foreign collaboration , export orders etc
Discl: Invested at lower level and holding since 2021 and hence may be biased. it is not a buy or sell recommendation. please apply due diligence before investing
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