Posts in category All News
Borosil (08-09-2015)
I didnt understand "large retailers are blocking inventory"
Are they not buying borosil products or have they booked large quantities in anticipation of rush in forthcoming festival season.
Orbit exports (08-09-2015)
Had a chat with an analyst who recently contacted the management regarding the equity dilution. The management said when they acquired the company it had very bad financial condition and debt to equity was 3.4 with accumulated loss of 48 million. More debt required for growth at that point would have been disastrous. Hence they issued warrants and it was converted in a staggered manner. At the moment there are no outstanding warrants against the promoter management sounded very positive about it's financial health.