Dear Sir your analysis is extremely mindful. Based on my personal opinion adding this stock to core portfolio seems unlikely. Here are few factors –
Promoters holding
Working capital days
Cash conversion cycle
Borrowings and other liabilities > reserves vis a vis fixed assets and gross block
OPM too thin and Interest increase.
The sector has a lot of hurdles. I personally will wait for it to showcase a better performance.
Many thanks
(For educational purposes)
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