This leading public sector defence player is poised for sustained growth, driven by its strong technical expertise, significant order book (Rs 22,000 crore), and expanding capabilities. With a robust balance sheet, improved operational efficiency, and enhanced capacities, the company is well-positioned to capitalize on emerging opportunities in the defence shipbuilding and repairs. Moreover, recent correction provides greater opportunity in the light of valuations. It is trading at 40 times estimated FY26 earnings, which is quite good considering the company has zero debt and has provided strong guidance (20-25% revenue growth in FY25).
first published: Oct 23, 2024 09:45 am
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