Hmm
That’s interesting Abhay.
The rationale behind my thesis is based on the guidance given by the management.
What I have observed from reading past 3-4years con calls and watching multiple interviews of the management is that they are quite conservative whenever they give any future guidance.
They have been saying since past year that Industry can become 12-15k crores in next 3-4 years so I get my numbers of sales and PAT from there.
Also I feel the growth rates and PAT margins that you have used in your model is too conservative.
Provided the growth potential the whole industry has.
But I feel that’s what makes investing interesting every investor has/her own opinions.
Lets see wait and watch what happens with TIPS in the coming years.
I am fully invested though and will keep adding till on dips till the momentum in the stock continues.
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