Installed Capacity is about 3500 MT Per Annum

Insurance is a double edge sword and can go either way if underwriting is not done appropriately.

Earlier Apollo had an insurance arm called Apollo Munich. Despite a joint venture with a global player, they ended up exiting this business only to be acquired by HDFC Ergo.

They are doing 1300 crores capex in next 3 years so what about depreciation?

Hard to say. If a quantitative metric like valuation is subjective, this is beyond subjective. One has to come to a conclusion depending on one’s own observations, views, experiences etc. We can also read/watch interviews given by managements and draw some inferences. And, I have opposing views, I have read about market respecting some managements, also there are times when market knows about certain issues with some managements, but still went on with the price ride. Only when something comes out, it is said that they always had issues.

Also, on a different note, it is possible to give the benefit of doubt in our market, because there are groups, managements, individual investors, with good reputation who have been doing businesses for many decades.

Before investing, one can look at the documents a company provides at the time of IPO, to know about the beginnings of the management, their journey up until then, their values, their nature, their culture, their vision etc, and can come to an understanding as to who they are as a private entity, before taking public money.

I have never particularly focused on these qualitative aspects before investing, although after investing, I do come across conference calls or video recordings of meetings with managements, and I try to draw some inferences.

As these are purely subjective, take my views with some salt.

Pocl allot 10 lakh share