Promoter mentioned in AGM that to increase capacity to much higher revenue levels ( from 100 Cr. to say about 500 Cr. ) , the best plan is Acquisition of other company rather than building a new plant, as aquisition is much better route. However they don’t have anything on the table / no plans as yet.
At present Capacity of 600 tons, they can produce about 110 Cr. revenue. So we can expect revenue growth of 20% in next 2 years, once it moves to existing full capacity.
To move to 150 Cr. Revenue, they need to increase existing plant capacity, which is likely to be 10-15%/ year. ( last year capacity addition of 9% - from 550 to 600 )
& at the same time, situation in europe/ US, domestic order flow needs to improve as well.
So, I don’t expect any fire cracker ( very high jump ) numbers, but rather stable increase ( 20-25% growth ) in topline/ bottom line, unless they make an aquisition / change their plan & build new bigger capacity.
Disc: Invested from lower levels.