RDF and Compost cannot be growth drivers in my opinion. They form very small % of the total revenue, about 2% or thereabouts. We need to look out for the big movers like WTE plant, C&D, these have started contributing and these are large projects. Other revenue driver will be their vehicle recycling and tyre recycling projects. And any new revenue streams that they can add which is non-municipal, these will be value creators.
The stock has run in the recent past, though not very expensive, but moved ahead faster than earnings growth.
Disc: Invested
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