Metropolis has listed on the bourses with a 10 percent premium. Discussing the outlook and the plans of the company with regards to the funds raised, Ameera Shah, MD, Metropolis said currently they are a debt free company, generating good amount of cash.
Internal cash flow can take care of capital requirements and small acquisitions, and there is no challenge in terms of money for growth, she said. Last year, the company generated around Rs 115 crore free cash flow.
However, as and when the company decides on doing larger acquisitions then they would require funds.
She said revenue growth in the last three years has been 16.3 percent CAGR and for the first 9 months of FY19, it has grown over 18 percent. “We are outperforming the industry and some of the competitors in terms of growth,” she said.
The company is comfortable at current growth rate and at average margins around 27 percent. – CNBC TV18