Hi Voldemort,
Polymatech seems to have star potential, provided their reported and projected numbers hold true. They have shown an 85% YoY growth, achieving ₹1,200 crore in revenue for FY24, along with a 64% profit growth (Financial Express). Shockingly, they project revenue of $2.5 billion (₹20,000 crore) by FY26 and $10 billion (₹80,000 crore) by 2030, aggressively pursuing acquisitions to reach this target. With a PE ratio around 36 (at CMP 750, Earnings FY23), it almost feels too good to be true compared to peers in the sector.
Their revised DRHP filing (TBD) should shed more light.
Disclaimer: I’ve invested a small portion of my portfolio (0.25%).
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