Hi, I would like to start discussion on a microcap cables company - Delton Cables.
As of 20 May, 2024, the company has a market cap of only ~350cr. Since in the upcoming years, power sector and infra sector on a whole are expected to see a lot of investments, I was discovering oppurtunities of potential multibaagers.
I already have Apar Industries, KEI, Tata Power, Techno Electric & Genus Power in my portfolio (already have 2-3X returns on most of these), but I guess some small players can capitalize on the boom and hence some microcaps, if play well, can turn into mid-caps atleast.
With this hope, I discovered Delton Cables: Delton Cables Ltd share price | About Delton Cables | Key Insights - Screener
As of now, company’s FY24 revenue is greater than its market cap. In it’s May 2024 investor presentation, company is calling 2024 as it’s pivotal year, and aims to increase it’s revenue 6X in next 6 years, opting for an opex - lead model. Given the tailwinds in the sector, this should be achievable, and investing in the company at this stage can turn out to be a great investment (multibagger).
Feel free to share your research and findings on this stock via this thread.
company looks interesting, given the railway scenario for next 10 years. can you provide source for where company said it will achieve 6x sales in 6 years
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