Very informative. Would you mind explaining what is ‘inventory turn” and how boosting this implies better RoE? Thanks!

I have been reading a few annual reports this month and I have a few questions regarding some observations which I have made in annual report of some companies:

1. What do you make of an annual report which has a lot of spelling and grammatical mistakes? Yes the annual report should focus on numbers and some typos/ grammatical errors would not change the meaning as such. But an annual report is a public document which may be accessed by a wide variety of readers, hence a basic grammar and spell check is elementary! I mean I would even spell check this post!!

2. How do you make sense of a company who is focusing a lot on the CSR and Employee well being part in the annual report. Almost 12-13% pages in the annual report are completely devoted to CSR and Employee well being sections. I may sound like a devil’s advocate here but this is something unusual for me (I have read annual reports of almost 60-70 companies in the last 3-4 years).

3. Some Independent directors of Mrs. Bector’s Foods are also the independent directors in Trident Ltd. And as far as I remember, the promoters of these companies are related to each other (Anoop Bector’s son being married to Rajinder Gupta’s daughter, I believe). This also came to light when IT department raided Bector’s’ director’s home in relation to search/ raid on Trident Group in Oct’23!

Any views on the above would be helpful!!

No updates on even open offer yet. Seems these open points are dragging any movement in stock price

Updated for both standalone & consolidated numbers. Thank you for pointing it out.

You mean demonetization ? Not sure what is Deomotization

please guide