It was quite exciting to read the latest annual report of the company - Rossell India Ltd financial results and price chart - Screener
Inline with the aggressive growth ambitions, the order book has increased a lot. Interesting to see a small co getting a single order of $100 mln (multi-year)! this is what usually we see in bigger software cos.
Probably we didn’t understand the significance of the newsarticle when it came few months back - Rossell Techsys Wins Boeing Contract to Manufacture Wire Harnesses for the T-7A Red Hawk Platform | Business Wire
Overall order book is now over $200 mln! (though it is very long term…so need to see the annual run rate in coming years)
Coming to concerns:
- As these are large contracts, need to see how the co will manage RM price and forex risk
- These contracts are based on the success of client and particular models
- Aviation segment has been dull in recent times…would like to see better nos
- Debt and working capital management
Looking forward to the AGM today to get more insights.
Ayush
Disc: Invested in family and client acs. Biased and can change views.
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