There was an article in BS,about VSTT.The article very clearly mentions ‘…the company which did a revenue of 620cr. in FY14…’ Thanks to this goofup,I calculated roughly,the full year nos. for VSTT(extrapolating the same PAT margins as that in Q3) It comes out to a Q4 PAT of 21-22cr.This gives a full year EPS of 92-93,i.e.,a 60% PAT growth for FY14.
Possibly factoring this,the stock has already tripled in the past 1 year.Still,given the Hosur plant & the past track record of the company,markets may like to pay a higher multiple(e.g.: look at the re-rating in Swaraj Engines over the past 1 year…earnings growth has been 25%,but the stock has returned 60%+.VSTT too,is a similar story in many respects) Thus,the immediate
target works to be Rs.1300+.Though,there maybe some consolidation in the short-term & the next big move may come only after/around Q1FY15.