With Rs400crs revenues and Rs40crs PAT in FY25 it looks like stock trades at Rs882/40 = 22.0x FY25E P/E and Rs1000crs and Rs100crs PAT in FY26 (extrapolating same PAT margins as FY25) stock trades at 8.8x FY26E P/E.
With a backlog of > Rs4000crs stock looks like a doubler or tripler to me at the minimum
Disclosure: Invested.
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