E-waste recycling has been made mandatory by GOI last year, this is the trigger for demand, and e-waste is a very real problem that needs to be addressed.
Mgmt is talking about growing their revenues 3.5x next year and then doubling in the subsequent year. So you can do the math.
Plus EPR revenues will also come in a major way. they have not given a figure on the EPR fees, but even if you take Rs 30/kg fees. Its still a decent number.
Execution is something we as an investor we are betting on.
SO even if you ascribe a 25 P/E on FY25 earnings, which is very fair given the growth prospects. There is a lot of upside
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