Good numbers from Steelcast for Q4FY23.
Sales at 120 cr vs 93 cr YOY (29% increase)
Net Profit at 19.5 cr vs 9.63 cr YOY (103% increase)
OPM at 26%.
Long term debt is 0.
Short term debt of 23.6 cr.
Debt to equity of 0.1.
Results look really good but the stock fell ~8% even before the results were out. Any reason why market is not seeing value in the stock?
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