Thanks For the input
Certain Point to be added Are that since the company’s Major tailwind will be Bharat’s Capex Cycle
We have to continuously track Capex Spend of Various Sector
See Sanghvi Movers for example during the time of Slow growth in Economy during 2015- 2019 the company suffered a lot on bottom lines
But one thing to add is that Sanghvi is more dependent upon Wind Energy Space
That makes them heavily reliant on single Sector
Where as Tarachand is Equally diversified in Mining, Railway, Cement, and Infra
In Recent concall they said they want to take Revenue from Equipment rental in Cement capex to be taken at current Mining’s Level (35%)
For Such a small Company and having Clients like ACC, Ambuja, LT) is quite Big
also they have the product Portfolio Equally competitive as that of ACE and Sanghvi their largest Vehicle In Fleet is of the same size of that of Sanghvi
and correction on your comment imo about
They Have Left this work since this work was majorly Sub contracting and they were loss making there
Imo the real growth will start in next 2 Years when the Machinery is half way Depreciated and there is better pricing and also Utilization of the equipment’s
Very true But the sector is very Similar to Economy as large and if economy is seeing down turn that will be the first clue of Anti thesis being hit
I don’t think this will be the issue tbh, From Operational Standpoint they are Quite Fantastic
Very True but still the Alpha is also generated in this type Micro cap with Solid Business with Great Tailwinds
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