A look back at FY24
Look at the capex over FY23 and FY24. The capacity has gone up from 12.5K to 32.5K which is 2.7x in April 2024
Now let us look at the guidance for FY25. Revenues of Rs 900-950 crs in FY25 and Rs1250-1300cr in FY26 (up from 596crs in FY24) implying 60% growth in FY25 and 37% growth in FY26 and margins expected too move upto 19-20% (up from 17% margins). People can do that math
Stocks looks like a doubler to me in 2 years.
Disclosure: Invested
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