Yes
150% for whisky, rum, scotch and vine.
100% for beer.
I don’t know of any regulation preventing foreign companies from opening a vineyard here. I may be wrong here. But I don’t think foreign investors will open vineyards in India as it makes no business sense unless people start consuming more vine in future. The regulations can also change in the future.
| 31 March 2022 | 31 March 2021 | Growth | |
|---|---|---|---|
| Sales | 456 | 421 | 8% |
| Operating profit | 116 | 64 | 81% |
| Net profit | 52 | 3 | 1633% |
| OPM | 25% | 15% | |
| NPM | 11% | 1% | |
| Equity | 395 | 304 | |
| Debt | 228 | 301 | |
| Roe | 13% | 1% | |
| D/E | 0.58 | 0.99 | |
| CFO | 87 | 120 | |
| CFO/PAT | 376% |
The sudden jump in profit just before IPO raises suspicion. The way these IPOs are structured is that the company shows massive growth before IPO and one quarter after. The market maker or operator is given some money and some stocks to create liquidity. Once retail investors start buying and selling amongst themselves, they sell their stocks and leave. If you want to buy then buy small position in IPO and wait for 2 quarters to get the real picture and price.
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