Azad Engineering – A stock picker’s dream!

I think you guys are right regarding the valuation, but why does the market give this premium valuation?

1. Because the company signed an agreement with Rolls Royce to manufacture and supply complex components for military aircraft engines. This is a 3,000 Crores worth of Order for 7 years.
2. The company signed an agreement with France-based companies to supply Nuclear Turbines—India’s first company to do so.
3. The current Capex is enough for the company for 10 years.
4. The company will grow at 30-35% once the capex is done.