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Robust order pipeline and improved execution augur well for the company
The quality of business, capital allocation, and strong order pipeline are some of the factors that should drive growth
Though the company missed the expected growth in Q2FY24, because of the declining revenue in the clean energy segment, the quality of business, size of opportunity, capital allocation, and order book visibility remain intact.
Apart from the organic route, the company is investing in newer businesses and technologies, particularly in light of the import restrictions on certain defence equipment
Strong earnings growth and low valuations to support stock
The strong listing of MTAR Technologies in the secondary market has lifted valuation to around 75 times