I have a few queries – does anyone have any ideas on the same?
- The remaining 58 Cr NCD were supposed to be redeemed with the warrant money and internal accruals over July /Aug – any idea when?
- Management claimed that they are targeting 140 Cr ebitda in Fy25 → even if they achieve 120-130 Cr EBITDA, its available currently at <7x EVebitda for FY25. There is an overhang on the valuation multiple given by market currently , given the past issues on leveraged expansion etc. If they execute on their guidance and deliver, there might be a rerating?
- Any idea of the depledging of promoter shares, given NCD’s to be repaid in full soon?
- They might generate 40-50 cr surplus cash post repayment of NCD’s (one participant was mentioning total inflow of 120 Cr types in last concall), so has management indicated any dividend/buyback etc?
Disc: Invested and biased .
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