Historically it’s been a slow growth company. Good money was made in riding the recovery of the cycle but not from the sales/profit growth.
But yes, Project Lakshya can help them improve market share driven by growth. With increased efficiencies they may be able to deliver better growth or it may make sense to grow at higher rate if the ROE/ROCE improves.
Disc: No reco to buy or sell
Praveen
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