Voltamp Transformers

Have decided to sell, after holding the business for 4.5 years.

Reasons

1. Low order booking from Oct22-Jan23, due to labour issues in their Savli plant. This may limit growth of Q124
2. Capacity Utilization is already at 85-90%. Company has decided to gauge demand trends, before increasing capacity
3. Q423 margins do not seem sustainable, since there was a one-time benefit of stocked-up CRGO lamination, during the outbreak of the war

Have paid a price in the past, trying to optimize the entry and exit. But looks like will need to pay the price again, in case the price runs up a lot