Shyam Metalics targets a revenue CAGR of about 18% over FY26-FY31 and an Ebitda CAGR of 22%.
Nuvama maintains its ‘Hold’ rating on the stock, which is now trading at around ₹955, and has raised its target price to ₹1,014 from ₹884. The broking firm has factored in 24% Ebitda CAGR over FY26-28, led by capacity expansion and ramp-up. Hereon, investors are likely to focus on execution and the pace at which the company scales newer businesses.
