I think CCS is in a sweet spot particularly after the acquisitions of Advanced Rail Controls Private Ltd, Progota India P. Ltd, Concord Lab. The solutions provided by these companies seems to be game changer for this company.
The order book is very healthy. No wonder the management has aspired 40~50% revenue growth for next 3-5 years. A 40~50% growth in FY 25 with a 23~25% EBITDA margins.
Disclosure: Invested and biased
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