Hi @Donald ,
I have a few concerns regarding the company and would like your views on them if you are still following the company.
#1. Promoter promises but doesn’t deliver repeatedly. Ex: They were saying in 2005 they will increase margins, also in 2010, also in 2015 and so on. But Margins have fallen from 2.5 % in 2010 to less than 1 % now!!
#2. 0.2% dividend yield (5% of profits, and profits are not increasing yoy for many years now!!).
#3. Tax rate of 3% (biggest issue for me, I want to understand this point specifically). Has fallen from 8-9% in 2010 to 3 percent now!!
Point #3 is my biggest concern and I couldnt find any reason for it.
If anyone else has any views (or any facts which would be even better), please add to the dicussion.
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