@pranshukh
Company has small equity of 11 cr and have cash in bank of 1000-1020 cr. with zero debt, drag down ROE and ROCE.

It is kind of a puzzler. Even DII FII stake has been increasing in Inox wind but not IWEL. The only explanation seems like IWEL having less liquidity. So while a fund can accumulate slowly, they sure can’t exit in a panic.

Disc: Holding IWEL.

@Mayank.mail
The Q3 resukts were not bad, the revenues stood at ~ 117cr up 2% YoY and down 1% QoQ
EBITDA margins for 9m FY24 at 22.1% vs 22.3% 9m FY23
PAT margins for 9m FY24 at 14.9% vs 14.6% 9m FY23
According to the object of IPO the company has paid 500cr debt obligation, the cash and bank is also healthy which has brought the debt to equity down to 0.09
RV sales are rising steadily, company is supplying to the largest player of RV in US namely Forest River which has 27% market share
The factors that negatively affected are
• Muted demand for LED lights affected sales and thus increased inventories
• The delay in the Block 1 is a major reason i feel that has had impact, the backward integration is absolutely critical as it will lower/end dependency on imports and lower the costs and boost exports snd earnings. The commencement is now expected by end of Q4FY24 for 2lakh sq feet Block 1 and for Block 2 is Q4FY25.
I too felt that the share price fall after this result was an over reaction, hopefully things should be better in next couple of quarters

Disc : Not SEBI registered
Not a buy or sell recommendation

Anyone tracking recent updates?

Why there is sudden fall in the stock

Hi Amit,
I understand the forward pe part. But can you explain the “8 % Bond” part? How you calculating it?