Hi,
I have attended few AGMs and also went to visit the factory when they conducted the shareholder tour. During such conversations and also from the presence I found out that founder was involved in all day to day execution and meetings and also vendors were very much used to his style of work and communication. Mr. Sanjiv Patel was mostly spending time in US and now he would be taking care of all, so I believe it will take some time. High PE is related to also sector being in investors focus if you look at other such companies like Loyal Equipments, Mazda, Anup Engineering ofcourse they all have good profit margin which Patel Airtemp is lagging but if that is controlled the overall outlook is good. I sense that they would now focus more on profitability and not order book…Lets see.
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