The promoter of the company, Mr Mangaal is an inspiring enerprenuer, I had heard few of his interviews and read few too, also attended AGM in 2020 online. They are direct beneficiary of Railway electrification, which is the place from where this huge growth is coming from, Also the good thing is that the company has been running quite efficiently which can be seen from roe’s and has been generating good cashflows and also reducing debt. I am not saying that they have some moat or anything, the business is quite average, but I like the way Mr Mangaal is running it, can also be seen in numbers. Who knows they repeat what KEI did. Promoters have been continuously buying. Which is a good thing.
Disc: Invested at around sub 20 level.
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