Agreed, if they keep showing consistent profit growth of current level, market can award and take the P/E even to 60 levels.

Thank You sir for guiding.

This is inter family transfer
Although this is my pick due to lack of fund my dad bought it and than i had to repay to transfer it into my Account and hence the same wasn’t mentioned above before in the thread
My average purchase is 412 ex-Bonus
So the thesis goes below
The LRPC Strand are specialissd PRODUCT only 2-3 companies are into manufacturing of the same
Usha martin being one of them
Margins are very high 18% almost at Operating level
DP Wires doesnt have same kind of margin peofile since they are into trading of the same where PBT Is mere 2%
They have 11.25 crores of Lands where they have inched up Capacity at every corner once their facility is utilized
See last year once they reach 100% at 70k MTPA They inched upto 84k now to 100k
They dont commit the capital upfront
Jitna demand utna woh badhyenge
They have did the same since 2018
I like this kind of capital prudent promoters

Their exceution is more than perfect imo
If i were to look at 5+ years i assume that the whole capacity might help them to remove trading business and focus on self manufactured business
I may be wrong but lets see

Also their plastic product portfolio has geo membrane which is used in swimming pools, also in Nuclear plants to some extent
They have Gov. Approved nuclear power entity as their clients which is great for such small co.

And last but not least Induction twmpered wires termed as shockers which are used in trains they have supplied the same in Mumbai Ahemdabad train project (Source: Client list)
And hence if quality are upto the mark we can expect the good orders considering Vikas in Bharat

Also they are almost fully integrated except for sourcing of raw Iron / steel
So this might give them cost advantage against the local unorganised supplier

This is very rough Idea hope i have put my thesis or picture clearly if not DM Will surely like to hear your views

Disclaimer – Invested and Baised. Not a registered Advisor and hence No Buy sell Recommendation

I also believe that pe is high but the thing is that they are building data center business from cash generated through real estate business beside this they also have building ready for 15 Megawat capacity and also beyond that. So they have to incurr less Capex per Megawat l(only on machinery etc). Average rent they are getting per Megawat is 80,00,000/- per month for there 3 Megawat capacity. It’s a annuity business. Promoter Amit sarin also infused 50cr @ 280-285 Recently.Beside this company operate also in Delhi Ncr. Recently Oberoi Reality bought a land in Gurgaon(first venture outside Mumbai).The sole reason they ventured in Gurgaon market because from last two three years real-estate prices in this market are skyrockting. Annat Raj has huge presence in Gurgaon MARKET. If they executed well there plans they will emerge stronger.

I understand from the article that the share swap ratio/proposal is applicable only for promoters and large institutional investors who infused capital into the co’ at various points in the recent past. The same would not be applicable to Retail Investors.

Does anyone know what is the case for retails investors? Or am i reading/understanding this wrongly? By the way, the IWEL shares also hitting upper ckts recently. Not sure if there will be any discount for IWL by the time it actually merges or if there will any premium is being paid by the investors of IWEL.