I think this alone (comparing PE alone between two companies which are not in same business). We need to understand various other aspects. While you are stating about further upside in Talbros, I am not sure how much duration are you taking into consideration. Irrespective of that, the upside in Talbros will be on account of the growth in next 3 years and improvement in margins. Revenue for FY23 have been about 650 Cr. Whereas management is guiding for 2,200 Cr revenue in FY27. That is more than tripling the revenue in matter of 4 years. With such growth, there is a likelihood of operating leverage playing out. That will help to improve margins. Order wins that Talbros have announced during past 6 months provides a decent indication that the company is likely to achieve the guidance. Having said that – if they show case the guided revenue with consistent margins above 15%, the stock can have decent upside even from here imho.
Disc – Invested with small quantity(less than 1% of current pf)
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