Hi Nikhil,
Agree with you nikhil that debt levels are too high. But, additional debt has been brought at a mere interest of 1-3%. TUFS benefit + Guj Govt benefit. Interest coverage ratio is high and that should comfort us. Out of total Interest cost of say 13% – company gets 5% subsidy from TUFS and 6% from Guj Govt. So net interest cost is 1-3%. We can buy this, since I feel it to be lot undervalued. Your views invited on this.
Best regards,
Abhishek shah.
| Subscribe To Our Free Newsletter |
