Hi Folks,
I think the single biggest thesis factor for investing in Palred is big stake (>20%) taken by Mathew. He is well known turnaround specialist with some highly successful companies (gokaldas, MTAR Tech).
Palred also has started to increase the price point of their products from mid 100s to mid 1000s which should help them in acheiving faster growth and potentially higher margins. Company is now at an interesting juncture and valuations also seem to be reasonable.
Would be interesting to see how the next 1-2 years pan out for the company
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