HBL Investor Presentation Feb 14, 2023
- Think this is a great first step by the Company on Investor communication/clarity
- If this is followed up by Con calls – they will be held to the same standards of transparent communication
Sharing selected excerpts that bring more clarity on HBL strategy, and how Management segments current business trajectory
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Judging by the presentation – that is HBL strategy vs say a focused next level for business approach. They wont make things happen, but wait for right tailwinds, having made sunk investment choices. Case in point, clubbing PLT batteries for Data Centre Applications under traditional low growth segment doesn’t look right when the only other competitor and market leader EnerSys is growing at 20% plus.
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Having said all that, the more important thing for us to notice is the “Change”. Both in Mgmt opening up/bringing clarity (obviously internally too), and equally in the Operating Environment (Atmanirbhar)
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This business/design has many long shots – which are NOT ignorable
Interesting to take note of Lots of details shared in the Annexures about each business segment including the recent Tonbo Investment.
Very welcome development.
How the business performs in next 2-3 years we will only know in hindsight.
Disc: I have a small investment. My views are biased.
PS1: Slide 7/10 Business segment Projections for next 3 years should be taken with due pinch of salt, read along with company disclaimers and the punchline “There is many a slip, between the cup and the lip” 
PS2: Important to understand/get the direction right, rather than get fixated on the specifics
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