Shilchar announced previous expansion in February which got commissioned in Aug mid. There’s a likelihood that they might announce another post q3 results or before and that might get commissioned in next mid FY. The management also alluded to that.
The management can be called conservative but the reality is that they are excellent when it comes to operational metrics as well. Fully aware that they’d probably hit 100% capacity next FY, they’d have a capex done sooner than we can put a finger on. What remains to be seen is q3 numbers and q4 numbers.
Ideally if demand is robust they should easily hit a revenue of 600 crores this year.
Note: Second biggest holding in portfolio
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