The company has guided that they will grow at 20% over the next 2 years with ~22% operating margins.
My expectation is that the company will probably achieve the above guidance, but the PAT could be flat in FY25 due to higher tax.
The future revenue streams look interesting
- vehicle scaping+tyre recycling (almost a done deal)
- battery recycling (started work )
- rPET project with a major FMCG player
The last couple of days gave a good entry point.
The B2G nature of the business however is a big risk.
Disc: Invested
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