sorry to interrupt here, this high demand text has been pasted in each of their announcements regarding crane addition.
no one can know whether the promoters are trustworthy or not, we can just judge them on their actions and other minor points.
from what i understand, the oldies left the leadership position and the younger ones have took helm, post them joining we can see significant changes in the biz and increased aggressiveness.
we can see the margins inc qoq.
promoter gave out dividend and declined his part of the total payout.
capex done here is huge with no benefit flowing down till the latest quarter, so all of it would start paying this yr.
after my talk with several industry participants, one thing is clear that the demand is very strong, and the leader sanghvi being a sort of a monopoly seems to be arm twisting clients.
please compare the rental yield between both crown and sanghvi, you will understand what is going on.
secondly people are getting worried about this debt funded capex, but fail to see the interest costs and calculate that as a % of ltb.
i am for sure biased lol
invested from lower levels
| Subscribe To Our Free Newsletter |
