I am new to investing and hence i could be asking a very basic question, but I hope the members here would bear with my lesser understanding.
After going through the financials, i am intrigued by the low margins of this company. The PAT is in the range of ~4-5% and the operating margin is in the range of ~10%. And this pattern is repeating and not limited to one or two years.
I understand that the alloy business is going to be more profitable, but the bulk of business would still be steel wheels.
With a good established product and large market share, should it not be higher?
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