Recently, a WOS is formed for expansion.
Good growth, great OPM !!, Cash flow ok – seems money is coming into co and business is real.
160 cr in MF, PMS and equities. Almost nil debt.
EVEBITDA on TTM basis less than 3 !!!
RISKS :
No definite succession plan
No dividend and No special treatment to minority holders
No management interviews and information available is limited.
Everything made is put in equities
A buyback was failed in past.
Quite an interesting case to study and connect to management/factory visit/AGM.
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