Thanks for correcting me.
I went through the concall. The guidance is to reach 5000cr revenue by 2027 so that implies a CAGR of 41% or so. Apart from this PAT margins will expand on top of it. Triggers are reduced gold losses via ERP implementation, switching new customers to higher margin designs after first order, constant fixed costs.
They will also switch the current 160 cr loan which is around 9% to gold loan at 4.5%. This would have negligibe effect I think, because they also plan to increase the loan amount to 240 crs or so.
Overall I agree that 40% cagr target is ambititous and execution is important. Stock has a lot of upside left if they walk the talk.
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