The management had targetted a 1800 cr top line. Right now their TTM has already crossed that. If they do 500 cr this quarter the ttm p/e will go further down.
This would mean q3 and q4 together will be 700 cr which many folks do not agree or believe. But the reality is that these bumper quarters were driven by the Maharashtra order and the order book for that shall exhaust by this FY. Company hasn’t won any big orders post the MH order. So there is no visibility even for q1 next FY.
Company is trading optically at 36 p/e. Recently spiked margins also may not be sustainable.
Disc: it was my largest holding. Booked 2/3 this month.
| Subscribe To Our Free Newsletter |
