@GPottabathni - Tweet - Target 300
The results have not yet been published. Waiting!!!!
However, the company has consistently been posting improving and increasing figures (profits and sales) for the last three quarters. If QoQ net profit is around 10 - 12 crores and the annual profit is about 28 - 30 crores, then the price will blast like anything. The company has reasonable reserves and very low debt, PE is around 10.5 which tells us that there is huge scope and opportunity for a scandalous upmove till 300.
However, the company has consistently been posting improving and increasing figures (profits and sales) for the last three quarters. If QoQ net profit is around 10 - 12 crores and the annual profit is about 28 - 30 crores, then the price will blast like anything. The company has reasonable reserves and very low debt, PE is around 10.5 which tells us that there is huge scope and opportunity for a scandalous upmove till 300.
Note
The results. #INDOTECH results out. 606 lakhs v 650 QoQ.
Mar 21. 1373 lakhs.
YoY. Fy 22 = 1189 v 629
100% growth.
This year results have been consistent.
Trade receivables are huge.
Difference between receivables and payables is around 10 crores in this year.
Results are good.
Work in Progress 1.14 crores.
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