SME companies declare half yearly results. Debt shown is on last day of the qtr. But companies draw working capital as per requirement through the cycle. So interest is calculated on WC utilised. Moreover, we have to see what was the debt last half year/year. This is my understanding.
However, valuation currently appears to be stretched due to recent run up in share price. Also, AC companies, particularly Voltas, are undergoing stressing time. Further, it is a single product company presently. Any addition to product line will increase valuation, so also possible migration to main board.
Not invested. Under watch.
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