As per my estimates, based on management guidance of Revenue and Margins, PAT will touch 700cr by FY27 from 275cr in FY23…
Despite all the negative news-flow over the years and sceptical perception which many have towards this company, it has continued to deliver solid, consistent numbers, with 15% YoY growth, over the last 12 yrs…thats why some of the best value investors and fund managers have sizeable stake in it. Porinju once called it the mini L&T 3 years back in one of the conference calls.
I feel current Mcap of ~4500cr should reach 10,500cr in couple of years (March 26) at which point the company will trade at 15 times forward (March 27) PAT of 700cr.
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