Hi Raj,
I am one of those who are trying to be devils advocate on this script. I am invested and applying contrarion thinking to be able to see worse case scenario.
I have understood that management has cautiously - and so prudently- decided not to go for anything new till this ~40k line kilometres 2d survey gets over.
I also understand from prtronet site, and even otherwise that new opportunities are/may be there once they need one.
Somewhere in this thread itself I estimated an EPS of ~125Rs for full year, for next 2years. Recent q result seems to be in line. On that assumption, forward PE is ~8 - despite market knowing this s great order size - I think players are little cautious, and may be for sound reasons.
All I am saying is, looking at a long term top line/bottom line this companies fortune are tied greatly to government whims/fancies/policy, very very very closely.
Disc: invested
Only caution is policy continuity.