Some Key variables which are likely to support the share price growth in the next 3-4 years:
- Consistent volume growth of 15-20% over next 3 years
- Margin expansion from 14-16% to 16-18%
- Scope for PE re-rating with higher growth and margin expansion
- Product mix change- higher share of value-added products
- Debt Free in next 2-3 years due to significant operating cash flow and no major capex planned
- Favourable macro and industry tailwinds: FTAs, China +1, Headwinds in Pakistan and Bangladesh
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