Very True. They import their product and sell them, and in that sense, they are basically a dealership. However, they add value by application. The other aspect is the process- most of the MNC paint companies enter India through dealerships only. Sirca Paints was also a dealer till a couple of years ago. However, we don’t know SKK’s plans and strategy in India.
PEG ratio is appearing negative because of covid disruptions. Management believes that volume can grow double in 3 years, and based on that I believe that they can grow at the rate of 24%.
Yes, the volume is less as it is normal in SME listed stocks.
| Subscribe To Our Free Newsletter |
