What I am looking at is
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Company didnt have revenue growth since last 5 years. However, now company is targeting high topline ( with data centre & FGD business at the centre ). Even in concall, Mr. Gupta talked about possibilities and vision of 10000 Cr. Revenue by 2030 - thats a strong call.
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High receivable business of wind power is out of the way.
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Even at 2000 Cr. Revenue in FY25 - it will be 300 Cr. Operating profit.
Current mcap - 2200 Cr ( ex cash/cash equivalent ) -
EPC business is very high ROE, which should give the company much higher multiple.
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Company has lot of surplus cash, which will be very rewarding for the shareholders by means of dividend/ buyback.
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Data centre business is going to be a game changer and high revenue growth driver, in my view.
All in all, if you dont have topline growth, the company doesnt get attention from investor. That was the case with techno earlier.
I for one think thay Techno management is on the right track and their TOPLINE execution is what I will be keenly watching. If company executes 25- 30% kind of revenue growth for a long time ( they are guiding for 30-40% for next 3 years ), then this is the company is to watchout for.