I wouldn’t risk predicting the future though. One macro concern that I have is the gap between CNG and Dirty carbons closing in.
Also, I don’t find it unnerving to see that the Promoters / Founders don’t have their numbers to the second place of decimals but what I fail to understand why has the Company not aggressively promoted its leadership position in the Green Market. They enable the last mile connect in transitioning vehicles on CNG and that is a Green Lever.
With rising kitty of CSR, they have more ammunition to fire on this. Will build more brand value and also drive the aspirational shift of vehicle owners to Green. Handy if price gaps between CNG and Petrol / Diesel continue to reduce.
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