Recently started following the company, no investment as of today. The company looks impressive with high growth potential, increase in margins, operating efficiencies, and good market standing. However, there are few questions still troubling me here
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The market share figures in each segment are
PV – 50%
MHCV – 53%
Tractor – 44%
OTR – 70%
These numbers have remained constant across quarters for 2-3 years. In every ppt, there is almost zero deviation from the numbers. I find it very strange. There has not even been a 1% movement in any category for years. Their client-specific business share exactly the same across quarters as well.
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For 4-5 years, investors were expecting margin improvement from alloy wheels and exports but not much improvement in numbers here. Covid and inflation might take some blame here though.
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The negligible presence of FII/DIIs for a 4000 Cr. company raises some concerns.
Hoping to get some answers here
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