Have been following this company for an year now, goes without saying that capital allocation/utilization/dividend payout is a concern and in recent times they have overpromised and underdelivered.
But apart from that the stock still looks promising
- The merged entity roughly has a revenue run rate of 850-800cr with 18-20% margin
- ~150cr cash on books
- PS of merged entity roughly 1.5, PE of 8 of merged entity
- A strong parentage and visibility of growth in next couple of year
Unable to understand if I’m missing something obvious or is street actually neglecting the stock for it being a microcap
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