Hi! Have you studied this company (Dr. Agarwal Eye Hospital) or do you have any red flags about it?
I tried to dig in through whatever I was able to find on the net since there is no seperate thread I believe for this company at Valuepickr.
- The co. has changed it’s depreciation policy recently because of which the result for this quarter is much much better. (Apart from better sales and better PBT)
- Not sure why the co. first recommended the dividend of Rs.3 and then nullified it?
- Not sure why the promoters have pledged 99% of their shares when it does seem to have decent cash flow generating business and also has some decent ratings (Recent one was – CRISIL A Stable which was upgraded in mar’23)
- Co. does not do any concalls or any investor presentation but has a pretty strong backing of the parent co. in which Temasek likes of investors have invested
- Promoters have good experience of running the business and is quite a established name in few regions specifically and now trying to branch out PAN India and trying to gain the name/brand name
- Their website is quite good and chatbot does amazing work interms of booking an appointment and aligning other issues/queries
Disclosure – I am tracking this one since I am bullish on this business as a whole and believe this can generate a good cash flows considering high margin business overall and increasing no. of customers (I mean who doesn’t have a pair of spectacles these days 
)
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