TAM itself growing @ 100% CAGR for next 2to 3 years. Management guidance for this year revenue growth 75% to 100%. 1 year’s forward revenue= 380 core. With latest EBIDTA margin 35%, PAT can be anywhere around 100 crore and 1 years forward PE=53. A business growing at 80% CAGR and 1 year’s forward PE = 53. To understand growth driver, Check in your surrounding about use of UPI payment growth. Beside the UPI growth they are creating new product as future growth driver. Their peers are not listed and they are mainly in specific segment of UPI ecosystem. But NPST is creating complete solution which will enable them to serve most of the segment of UPI ecosystem. AI is going to be embedded in all their product and solution. Current growth is coming from product they have developed earlier. Currently they are developing product for future growth. I could not decipher their con-call to fully understand their product solution. however above is my basic understanding after going through their conalls. Disc. Invested and biased.
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