Hey @Shubham_Jain1 ,
I have been studying the balance sheet, performance and tracking information about Rajesh Exports. You are true on many of the facts, but as per my knowledge exposure till now (where I could be wrong)
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Balance sheet shown is cumulative of all it’s subsidiaries, from the Auditors comments mentioned at NSE disclosures also we can see they do say two subsidiaries resulted were not audited by them and they were accepted and according to the law of the respective country. (AFAIK this should be Valcambi, Switzerland.
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Tax Rate slab falling from 8% to 3%, could it be because of India’s Tax Policies, I could just find this article but these all might be wrong too
But the only thing pushed me to buy this stock under this range as it is very close to it’s PB and recently I video from Vivek Sir did provided meaningful insights what must be going on.
Cons:
- Management is not friendly (not to credit ratings, not to investors) in terms of providing big details
- Transparency is not very good, very limited and necessary information is published by them only
Disc: invested
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