PPT JAN 23.pdf (6.5 MB)
SYR_RR_19012023_Retail-19-January-2023-1131016868 idbi cap buy tgt 760.pdf (998.3 KB)
co seems an interesting play with low valn, leader in API n galvanised pipe segment n leading exporter, constantly reducing debt n increasing ROCE now to 24% & Ebidta to 6700 Rs per ton in last qtr, opp size increasing due to jal se nal scheme n increasing gas n oil prices leading to better margins.
Risks= MD is a BJP MP, no demerger taking place since long n inspite of promises
CONCALL TRANSCRIPT JAN 23.pdf (550.9 KB)
RM volatility.
How is promoter quality n track record for those who hold it for long ?
disc invested with a tracking qty
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