@shanki_Bansal: Thanks for sharing your note. Few questions since you follow it for quite some time:
- Any idea why they are unable to scale up [Sales and Op. Profits] their subsidiaries meaningfully even though some were started 9+ Yrs. back?
- What’s the revenue potential from downhole pumps, mud motors, and Solar Pumps?
- What’s their USP in the exports market since the majority of revenue comes from exports? In FY15 AR, it was noted “Two global major players have set up their base in India. Their presence is felt significantly as some definite amount of business has been lost in the year under review”. I infer that the company had difficulty competing with global major players in home base. How did they overcome the trend in exports?
- How are their products or competencies different from peers such as KSB, WPIL etc?
Disc: Under due diligence.
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