last quarter eps was 35. Let’s take 30 going fwd for 2 years. Given the tailwinds in this sector, this is base case.
Mgmt has guided for 900 cr top line in 2 years with new capacities incrementally online from April 2024.
Base case.
30 (eps) * 4 = 120 with existing capacity
60 (eps) * 4 = 240 with new capacity // 2026 end
240 * 30 PE = 7200 (stock price)
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