In one of the update from the company over LinkedIn, they have mentioned that they are launcing the new product line soon. Probably someone who has attended today’s concall will be able to provide a better clarity.
I think the management is walking the talk 90%. We need to give some leeway to the management considering they are still an SME. They are doing concalls, providing updates regularly over the new developments, attending various international seminars and conferences to create the brand awareness and getting in people for better marketing because that is where they are currently lacking big time. This is something to be honest unheard of atleast in the SME listed cos. since most of the cos. even do not publish results on quarterly basis.
Though there are couple of points which do not go in the management’s favour viz. –
- Remuneration of the management and the expenses like vehicles, etc.
- Hiring family people at various positions, etc.
I do would like to give some slack to the management on the above points since many of the cos. have similar pattern but these info. are kept in dark, away from the investors. Here, atleast management is quite transparent in mentioning and sharing all such details. To me, the kind of margins this business as a segment has is enough for me to be invested for the long run since the cash in hand over the years would definitely at some point would be divided into shareholders if the management is good/honest.
Discl. – Invested at lower lowels and quite bullish on the future prospects.
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