Rough estimate for the FY26 revenue based on Q3Fy24 concall:
- Revenue guidance FY24: 3500+, FY25 : 4k+ ,FY 26: 4500+(w/o defense biz) .
- Margins expected to increase in FY26 w/o defense & further with defense biz.
- Defense biz to contribute 10% revenue by FY26.
- Assumption: If margin increases by 3% (inclusive of defense margins where margins can be upward of 20%+), then FY26 eps becomes 122, p/e – 6.86.
For more detailed on the company, one can refer below: https://x.com/SULABH40/status/1709525325233918376?s=20
Disclaimer: invested, biased.
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