I come across this company through Promoter interview. I was surprise to know this is one fo the fortune 500 company from India.
their margin with very thin as they are in Gold refinening. the positives are
they are in the business for almost 30 years.
positives
very tradingnal family run business with operationally very efficient.(they are lowest gold refiner in the world)
lasty 5-6 yeras they have reduced their debt significantly 8000 cr to 750 Cr
Reservers increased
No capital raised
Negatives
no PR & investor call just focus on business
- very limited information available in public domain
- got selected in PLI scheme of govt (for batter manufacturing – this is positive as well negating (total diversification in no related business) – they have good balancesheet to diversify & if they do this businees as efficiently as they are doing gold refininig then its good marging business than their current business
Over all : available ar the same price of 2015 its long consolidated . I think very minimum downside and good potential upside.
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