@Raj_Praj
This amount is probably advances given towards purchase of plant/ machinery for the proposed expansion. There are many contributors to this thread who are tracking the balance sheet closely, who are welcome to shed more light on this.
Generally speaking, once I am comfortable with the mgt, I try to focus more on my basic investment thesis playing out well & on track. If I am not comfortable with the mgt, I will exit the Co. altogether. I believe that other investors too could benefit by following this policy. It has helped me too in keeping my focus. For me, the Pix mgt has walked the talk & I have confidence in their ability to deliver.
Meanwhile, the Co.'s expansion is hopefully playing out to plans. The phase wise expansion should be completed sometime later this year. I expect the enhanced capacity to support Sales of about 750-800 crs. This could be more or less consumed in the coming year 23-24 & I will certainly not be surprised if the Co. were to announce the next phase of expansion in the next six months!
We are already in the beginning of September & shortly one will start extrapolating the numbers for 23-24. If only the Pix mgt would initiate investor con calls a couple of times a year, many of these growth issues could be addressed. As the market cap grows, Co.'s are known to get more responsive to investor concerns. That said, we are talking of a 1200 cr. market cap Co. so we can assume that the mgt knows a thing or two!
Subscribe To Our Free Newsletter |