I agree with @harshal_7.
Business execution by promoters is phenomenal.
Allocation of capital seems to be quite good - in terms of giving majority cash generated as dividends.
Management seems to be clean in corporate governance - when acquiring sister concern from promoters, company only paid the token amount for 100% shareholding of Ksolves LLC - which was almost equal to profit generated of that company in previous year.
Since last few quarters, they have been giving guidance and achieving the same. The hunger for growth is there and promoter seems quite ambitious in few of their long term goals.
Except one irritant like promoter reduced their holding from 68% to below 60%, that too when they themselves are very sure about achieving growth, and that too for diversification(as mentioned in their disclosure), I did not find anything worth bothering about. Would surely understand any antithesis pointers which I might have missed.
D : invested and looking to increase holding
Thanks,
Subscribe To Our Free Newsletter |