Recently, i have strated looking into rishiroop Ltd. I found an interesting observation.
- In this image we can see the company source of revenue is more toward Trading of Synthetic Rubbers and others from 2013 to 2022 instead of polymer components.
- From 2013 to 2022 The Other income increased significantly (19x) while revenue from Polymer Compounds
and Trade of Synthetic Rubbers and others does not increase much (1.4X and 2.3X). - This tell, the main contribute to income most probably coming from Other income and Trade of Synthetic Rubbers and others.
Conclusion, this is not a sign of a company which can scale in future.
(source of information are annual report of 2013, 2018 and 2022)
(conclusion based on the above observation only where have not considered other aspect of the company. DO correct me if there is any wrong observation as i am recently started looking to companies)
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