Fy24 was a slow one for the whole industry. They have everything in place now all they need is demand push. Margins hv been impacted as majority of capex is completed now.
For fy25 they should be able to do 20% growth.
At 20 P.e it is definitely not expensive rather near about fair valuations.
In case the demand comes back strongly their margins will claw back & then 20 P.e will also look cheap.
| Subscribe To Our Free Newsletter |
