Cumulativa PAT since 2017: INR 47 crores
Cumulative CFO since 2017: INR 181 crores
And this is an asset heavy biz. blend of B2B and B2G biz. we’re talking about and when it was at 140 levels it was a no brainer for me because EVEBITDA was less than 5. I won’t be surprised once this 160 crores capex is done and they start getting order from wind sector people will be happy to pay EVEBITDA of 15 times.
PE might look elevated in the near term because of huge upfront depreciation.
Plus, margins would expand because of the mix change.
Yes, the run up in last month is huge and personally unexpected, I see growth accelerating in business from hereon.
And by looking at latest numbers of wind capex, I think we’re seeing a new sunrise.
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