Don't understand, How PAT increases almost 3 times in 2018 from the previous year, where as revenue increase little. Moreover, how assets increases drastically. Books are totally manipulated, just for IPO purpose.
As per the DRHP they have signed Agreement with TATA Steel in the month of August 2017. May be company has increased capacity from last year to this year. This may be the one of the reason. May be Margins are higher due to TATA Agreement for supply of steel doorz.
We are not talking as per DHRP, we are talking as per there financials, which they have shown. Moreover, If any company sign agreement with a big customer, margins can't be higher, because a company like TATA, would never buy at higher margins, they are much much smarter than this company. So, your plea is totally baseless.
Moreover, from where the PAT comes??? it if ofcourse coming out from the revenue. When the proportion of revenue dosn't increases like the PAT, then what is your justification. There revenue increases by 934 Lakhs in 2018 from the previous year, where as there PAT increase by482 Lakhs. So you mean they have 50% margins from TATA Steel? Very strange.
Post dillution equity 12920000 shares , in 2017-2018 PAT 8.09cr so post dillution EPS 6.26 Rs Per share at the Ipo prize is 150 Rs it's 24 PE Multiple .