Since the company is in ultra micro-cap segment much information is not available in public. AGM was held yesterday but due to other priorities wan’t possible to attend it. Tone of the management as per the AR looks positive.
Management has also started giving dividend since last 3 years or so and has been increasing the dividend %.
If we look at the page 5 of the latest AR, in the “state of company’s affair”section- 3rd para management says that their core business is coastal surveillance and transportation of man and materials through waterways and this IMHO is more immune to oil price fluctuations. Also the management in the last three years has been purchasing new vessels and the same has been mentioned in the latest AR that they are looking to buy more new vessels. SInce it is a services business I feel the margins might be sustainable, will have to watch out for that.
Opportunity size is definitely huge as India progresses to protect it Offshore assets from piracy, etc
| Subscribe To Our Free Newsletter |
