Agree with your assessment,would be difficult to increase sales/EPS in next 2-3 years with already high utilization levels of the plant.
Few negatives for OCCL from hereon uptil 2017:
– Ltd upside on sales and margins so EPS likely to be in similar range
– Promoters sold ~5% stake at 550 levels acknowledging the upcoming challenges and pressures
CMP @ 550+ doesnt excite and seem to be running ahead of valuation. Many things can change in next 2 years so I would rather sit and watch the market landscape from the sidelines. No MoS currently in my view.
Discl : Hold a small portion, would add in 400-450 range
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