Greatt set of results from the Company…
Reduction in long term borrowings.
Cash Flow from operations for H1 was at Rs 316 Cr
Recievable levels have also come down in absolute as well as in days.
Sales and Profit have improved substantially.
EPS for H1 FY 2022-23 was around Rs 2 & for H1 fy 2023-24 is at Rs 123.
The main thing which i like about the Company is the undisputed leadership in teh segment which it has presence (Traveller) and hardly see any of its competitor on the road accross India.
This segment is bound to grow substantially as it mainly involves Tourism, School and daily commutation of employees…
Current levels of sales are equivalent to that in 2017-2018 and company has done CAPEX of around Rs 1000 Cr after that and as such there is lot of room to play for operational leverage and improvement in margin.
At the peak of valuation of the Company in April 2017 the stock price was around Rs 4700 and EPS was 137. The current H1 EPS is 123 and valuation is around Rs 4000.
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