Thanks for starting the thread. Since it is making ATH, I looked at fundamentals. They look serene at the face value except 2 things:
- Growth [in Sales, Operating Profit, and PAT] from FY20 looks good as base numbers were suppressed. However, the same is rewarded as evident from the price action. What are the upcoming OPERATING growth triggers?
Note: Overall sales have not even doubled from FY13 till FY23. Domestic sales seem to be stagnating from FY18 onwards. Q4 results mention that exports are expected to increase, but the statement is not quantifiable.
- Operating Cash flow compared to Operating Profit has weakened, particularly for the recent 3 Yrs. Any specific reason?
I assume that you have studied the business before initiating the position and will be able to elaborate on the above points. Thanks.
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