Now we know why promoter was buying relentlessly in past couple of month.
Results – https://www.bseindia.com/xml-data/corpfiling/AttachLive/375c6740-d854-4e5c-be91-b782cfd44ee0.pdf
Press Release – https://www.bseindia.com/xml-data/corpfiling/AttachLive/327718a2-002b-4ecf-bc51-1fe733355491.pdf
The EBITA increase is impressive. From Q3 the coal mine commences. That can only improve the EBITA margins. The steel prices scenario looks decent in domestic market. The cash flow from Prakash is very good. If they want, they can repay the entire debt of ~550 Cr in just a matter of 18 months. The cash flow is expected to increase even further with the coal mine production commencement.
Core business performing better, Debt repayment and Coal Mine production are key drivers for next 12 months.
Disc – Invested. increased my exposure while promoter was buying between Rs. 57 – 65.
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