Recently listed company Rajesh Power are into EPC business accomplishing Turnkey projects in power sector. Company recently got listed at premium valuation with a massive order book of ~2500Cr to be executed in next 3 years. Expecting revenue of 850Cr in FY25. Promoter have also, confirmed H2 is better than H1.
| Metric Name | FY24 | FY25 |
|---|---|---|
| FY24 Cr | FY25 Cr (Expected) | |
| Sales | 285 Cr | 800 Cr |
| OPM | 34Cr | 96 Cr |
| PAT | 26 Cr | 80 Cr |
| EPS | 14.44 | 44.44 |
| Current Share Price | 1005 | |
| Current PE | 70 | NA |
| Peer PE ~60 | - | 60 |
| Expected share price FY25 | 44*60 = ~2640 Inr |
Status - Invested at current Price
Kindly suggest your views/rationale !
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