I liked the investor presentation though. They are just at 30% capacity utilisation and already have Genus, HPL, Sintex and other smart meter companies as their clients. They are probably the sole rubber supplier to these companies. They have cracked 18/19 railway zones , MSRTC, Vande Bharat. That is a big achievement for such a small company.
Smart meter project will last till 2028. That means they have order visibility till then at least. Also if they get Gas Meters and Water meter contracts , sky can be limit for GRCL.
No wonder it is expensive at current fundamentals but future definitely looks bright.
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