Thanks for the good insight.
With the order book strength and the offtake in execution, I believe they can achieve anywhere between 15 to 20 rupees earnings per share in the next fiscal (roughly 20-24K standalone revenue with 5% net profit margins).
If the order book growth continues for an year (barring election related delays), a higher PE would be possible given that the cycle seems to be in the up move for a longer duration. Of course, it depends on what govt is able to achieve practically over the next 5 years
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