Thank you for the summary @DocDhiru
Since this is a typical services company I think PE of 25 is a standard not cheap. So I don’t think we can expect a lot of PE rerating here. And the management also talks about increasing the hourly rate to improve margins. But I am also in the IT field in Germany currently and there is a big slow down at the moment, so I don’t think it will be easy to increase the hourly rates at least in near term 6 months.
But company plans to do a revenue of 25 million USD, so approx 200Cr by end of 2025. TTM is 57 Cr. They are in the current hop topic of promt engineering which is really big at the moment so there are high chances they can meet the guidance. And if they maintain the same margin around 28-30%, expected PAT is around 45-50Cr in the best case scenario.
Not invested. Just tracking
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