SKM continued a good performance in Q1’FY24 with decent margin for past 3 quarters(21-24%). I end up reading a section about business updates in their annual report. They seem to be expanding in different geographies and coming up with new products. To my understanding, its trading at quite a low valuations given the performance. ROCE for FY 2023, spiked to ~46%, Also, significant improvement in cash conversion cycle. Decent free cash flow of Rs. 39Cr. @RajeevJ Sir, @nirvana_laha Will be very insightful to understand your views in case you are still tracking this counter?
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