Per my understanding, company is doubling its capacity in this phase of expansion (expansion will be in full stream in 2/3 years) . Current net profit of the company is around 250 cr. If the expansion all goes good, in the next 2-3 years revenue & profit are expected to be double (ballpark), so the Profit expected to be around 500 cr. Current mcap of the company is 16000 cr, so PE at current market cap, after full expansion (after 2-3 years) still be 16000/500=32 . So 2-3 years forward PE for a chemical company is 32 at current market price. So where is share price appreciation scope? Am I missing something.
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