Even though PM% is dropping, I like the growth for hers capability to get new orders, the leap in revenue and net profit for past eight quarters (more than double annually).
Expected FY2025 Revenue will be in the range of 950m - 1000m, and Net Profit will be in the range of 95m - 100m, translated into PE 20 at current price 1.80.
Expected FY2026 Revenue will be ~ 1500m, and Net Profit will be ~ 150m, translated into PE 13 at current price 1.80.

Top Line Profitability Advantage

Gross Profitability Premium

GPA
= Gross Profits ÷ Total Assets

based on 2024 July TTM Result

GPA (BNASTRA)
= 100×(59,603−21,509+60,576)÷539,757
= 18.280448 %

https://stockbit.com/post/16378881