Triggers:
- Massive tailwinds in Hydro & JJM segment.
- High Entry Barrier business
- Backward integrated (own manufacturing)
- No competition (near monopoly)
- 2 solid future growth engines getting ready (Pumped Hydro Storage & River Linking)
- Expecting Solid Q4 (FY24)
Business Segments
Major
Hydro & water Projects (18-20% margin with execution period of 3-4 years)
JJM Projects (12-15% margin with execution period of 2-3 years)
Bonus
Real Estate Projects
Robust Orderbook : 2500cr (3.1x of FY23 revenue)
40% in hydro & water segment
60% in JJM segment.
Read Full Detailed Analysis at:https://twitter.com/Bornwinner_VJ/status/1777176874138943734
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