Fantastic set of nos. The topline looks very much in line with guidance of 225 cr. topline for the year with the margins being the cherry on the cake.
Mgmt. had spoke about these points in the Q424 call.
- The new 6 Tonne hammer (Forging Div.) will start contributing from Q3’25.
- Air Springs Capex (of additional 5cr. on top 7 cr. done already) is taking the capacity from 480 to 1000 air springs per year and to be completed by Aug24.
- Company is now already a regular source for the Air Springs.
- Mgmt. reiterated it’s confidence in the goal of reaching 450 cr. topline by FY27
Full year eps could be in the range of 70-80. valuation looks pretty decent with current price ~1500/-.
Disc: Transactions in last month.
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