Emkay taps and tools

Not invested but was considering for investment. But after reading about this company; I am having very negative view. I found few negative things, however my view can be biased as I am not invested. I reserve the right to be wrong!

Just consider these points before investing:

1. Promoter is aged and no succession planning.

2. Promoter is withdrawing salary in the name of his wife (maybe she is active).

3. A lot of profit has been invested in shares and PMS from past 3-4 years which shows no growth plan or no money is need for bussiness. This is ridiculous for such a small company with such a small profit. Check their cash flow statement and go to notes.

4. Promoter has created so many subsidery company and holding shares through it. Very complicated arrangement for such a small company. Inter party transaction looks suspicious because of it.

5. No growth plan or capex.

6. Its share price is easily manipulated because of very less volume. You just observe the volume of share for a week, you will understand it is getting manipulated by very small operators.

Thanks!