@sagararya At this time i donot see any buying opportunity for multibagger returns atleast 10X in this stock.
1. If you see the BoB report on Cupid(Attached screenshot), It says it will have around 26 cr profit(Esti). So you can derive the chart of future projection of profit. As per my view the sales are going to get stagnant after 3-4 years.
2 . The management is saying they will issue dividend every quarter that means the company is not going to invest in further expansion
3. It is Global tender business so the future orders depend on winning the tenders, Cupid has stronghold in South Africa vs the competitor has in South America(Brazil). Again they may be having territory restriction if you see the news for winning bids in last few years.
4. Considering the PE multiple of 30 at that time also, we an get the MCAP of 1000cr and share price at around 1000 . If the company is not able to deliver good number of sales then the share price may also get stagnant.
5. You can see the story and stock movement of its closest competitor which is in US. The share price got halved when they announced stopping of dividend payment every quarter
Disc: Not invested. My view may be biased for not to buy the stock at current price. I reserve the right to be wrong.
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