@manhar you have studied this sector well…
However I disagree on some of the parts.
In general, Goverment dont think about taking short term benifit from a sector. ( unless it is politically motivated/ election policy, and this doesnt look like one of them ). They always have a broader perspective of their policies. Weather those policies succeed or not is a different subject altogather.
No one knows anything about anything beyond a point. So one can only make a guess of certain adv/ dis adv. of the goverment policies.
ISTS is till 25, but we dont know, if thats the end to that or govt. gives extension to it.
World is changing at a rapid pace now a days, and we may get a surprise for the sector…
Improvement in the balance sheet is real & visible in certain manufacturers of windmill. ( that too since lat 2-3 years )
All in all, I personally don’t think that its just a 1.5 year story ( as it will take atleast 1.5/2 years to commission wind mills of such large INITIAL ORDERS )
This sector is like dead/ doesnt exist for investor community. Just for example: in last concall of inox wind: It just lasted 24 minutes and no analyst question / interest from analyst community.
Having said that I will assess results/ other aspects on half yearly basis and will take a call…
Lets learn and share our learnings about this sector…All the best.
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