Manufactures power cables, conductors and railway signaling cables at facilities in Jaipur, Rajasthan. Its listed XIRR return is 62.9%.
Business and Financial Highlights
- Growth: Operating Revenue rose from 343 in FY21 to 1,025 in FY25, with a reported CAGR of 31.5%; PAT reached 65, with a 60.2% CAGR.
- Debt: Total Debt was 59 and Debt / Equity was 0.16x in FY25.
- Cash flow: CFO was 56 and CFO / EBITDA was 53% in FY25.
Standard disclosures
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- We or our associates have managed or co-managed public offering of securities for the subject company(ies) in the past12 months: No
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- Nature of financial interest in subject company, if any –Nil
- We, our associates or Research Analyst have actual/beneficial ownership of 1% or more securities of the subject company (ies) at the end of the month immediately preceding the date of publication of Research Report – No
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Regulatory disclosures
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Rating rationale
Minerva Capital Research Solutions endeavors to provide objective opinions and recommendations. Ratings are assigned to stocks according to their fair value vs current market price and then categorizes them as Buy, Hold, Reduce, Sell. The performance horizon is one year unless specified and fair value is defined as analyst’s valuation for a stock.
- Buy:> 15%
- Hold: -5% to 15%
- Reduce: -15% to -5%
- Sell: <-15%