Q3FY24 Results update:
-The concern is same, topline growth is flate in last 4-6 Qtr
-Domestic sales increased by 6.5%, whereas exports are almost flat YoY
-Domestic is still okay, but exports are concern as foreign markets lacks Capex
-In AGM told peak revenue can be 10% higher
-Doing Capex but very less I feel
-Margin has also started stabilizing around 8-10%
-OI is volatile
-The game of valuation is almost played out; while investing my peak PE estimate was 15-18x as products are commodity in nature (also biz out of 2% circuit limit)
-Next Qtr is a high base Qtr (has high PAT & Sales)
-Next Qtr will decide, whether stock would be peak or new things emerges
Disc: Invested (No transaction in last 30 days)
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