I will really love to hear from Management further growth plans.
- They have started offices in more than 10 cities. Thus, some growth will come from new businesses.
- With the new business in the same vertical, i.e. paint application; they can grow at 20-25 percent per annum.
- Paint application can itself becomes a great business as “organised sector replacing unorganised sector” theme can play.
- The real issue here is “capital allocation”; how will management deploy the cash generated from the business.
If they prove to be great capital allocators, it can be a good long term investment.
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