Thanks Harshit for starting this thread…I also have started tracking Rishabh about 15 days back… few more things which I would like to add:
PROS
(1) company has given a guidance of 700 Cr in CY although they already have achieved 352 Cr in H1 and historically H2 has been better than H1
(2) Rishabh is overseas based in Poland where it enjoys EU funds for innovations R& D which may be considered very good, Poland is one of most developed countries in EU ,22 % sale of Rishabh group comes from Poland
(3) Company sees huge scope in its newly rolled out solar inverters if it works company margin will increase drastically
Cons:
(1) Company has received a notice from tax authority, but they have challenged, although they have already made provision in B/S
(2) A expense in form of ESOP due to some legal requirement has to give company profitability will be affected upto FY 27 as every year they will pay foe ESOP till that year
Please add something if left out
Subscribe To Our Free Newsletter |