Last updated on June 20, 2024
A huge TAM, sustainable long-term growth, high margins, significant entry barriers for competition, massive order book and predictable revenue for years to come - what more could a stock picker want?
Are you thinking of low valuations? Unfortunately, that's not available.
Even though the stock isn't yet a darling of the market, evident from low FII/DII holdings, and few institutional investors participating in the conference call, the valuations for this ideal business have sky rocketed, perhaps excessively in my opinion.
But the quality of the business demands it to be on the top of our watchlist.
Lets dive deeper into the business of Azad Engineering.