I glanced over Mangalam Worldwide. What I can figure out is that the company is manufacturing Stainless steel billets and Stainless steel flat bar.
There OPM is measly 4% but their asset turnover is 3+. That means they are adding very little value but their product is moving very fast. I think their main business is to convert iron ore into billets and bars, which are used by their customer as raw material to create high value products. This company feels more like a commodity stock.
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