One of the big orders received today.
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It looks like a different order from the last order declared on 01.07.2024. That was for 266.94 crores from Garden Reach Shipbuilders; this is from Cochin Shipyard. Product description is also different.
Such back to back orders for a topline company of 107 crores will put the company in a different league.
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But I find it difficult to value a company like this - because order flows and execution in such industry is not monitorable and neither does the company interact to give any guidance…what is your medium term target for this company ?
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I would like to say that in SME companies there are no targets defined for short term. These companies have a story- their expansion, their aggresive promoters and their products which is scalable.
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The company is guiding 150 crores topline and 26 crores PAT for the current Financial Year.
b39e6faf-a284-441e-88e4-b8e42397a45f.pdf (5.8 MB)
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