Ecosure Unlisted Shares: Big Numbers in FY24: Eco-Friendly & Profitable! | Investment Opportunity
Ecosure manufactures pulp molding machines and molds that create eco-friendly products to replace plastic. Recently, Ecosure announced its impressive FY24 results. Let’s take a look:
Revenue saw an impressive 50.65% jump, reaching ₹50.3 crore. Alongside this, their PAT (Profit After Tax) grew by an astounding 720.82%, reaching ₹5.8 crore.
Additionally, Ecosure unlisted shares has achieved a first-mover advantage in the domestic market. So far, Ecosure Pulpmolding Technology has acquired a 90% market share in the pulp molding machinery segment. The company also has an order book worth ₹105 crore, set to be delivered by FY25.
Their targeted PAT is ₹15 crore, which brings the company’s P/E ratio to around 15x. Compared to competitors, who currently have a P/E of 67.1x, this appears significantly undervalued. If you’re interested in investing in Ecosure pre ipo shares, contact Planify now.
About Ecosure Pulpmolding Technology:
Ecosure Pulpmolding Technologies Limited is a leading manufacturer of pulp molding machinery in India. They specialize in providing turnkey solutions for producing environmentally friendly molded fiber pulp products. Their range of machinery includes various types of pulp molding machines, such as automatic and semi-automatic machines, and edge trimming machines. Ecosure is committed to sustainability and innovation, offering solutions that help reduce plastic waste and promote eco-friendly packaging. Their machines are designed to produce high-quality, durable, and cost-effective products.
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