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.
Recommended ArticlesView All
Budget 2023: Prioritising defence and innovation
Jan 31, 2023 IST4 Min(s) Read
Budget 2023—ESOP tax incentives drive start-up growth
Jan 31, 2023 IST6 Min(s) Read
Budget 2023: Focused investment in edutech and human capital must become an imperative
Jan 31, 2023 IST2 Min(s) Read
This Microsoft project is enabling the digital presence of low-resource languages
Jan 30, 2023 IST7 Min(s) Read
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.