thanks Ashar for the comments. Have highlighted few macro risks only. I dont feel any major risk to the company or stock at present. Also would like to add that have even reviewed the financials and AR and could not see any forensic or accounting issues here.
Have invested in the company for long term only. Truly believe it is a sanghvi kind of story whereas sanghvi is exposed to wind sector only which is a bigger risk.
On the PE expansion, it can happen anytime if investors realise that Cranes have to be depreciated 20% every year as per Companies Act. Once the equipment gets little old, Dep shall go down and PAT shall go up resulting in PE expansion.
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