The results were announced yesterday. I’m sharing it here.
And here is the latest Investor Presentation
https://www.bseindia.com/xml-data/corpfiling/AttachLive/09cd5f98-0718-4c06-967e-399db3d02a76.pdf
Hope you find it useful.
But this looks relatively cheaply valued considering the growth. Personal Opinion.
Few positive points
- Remember, Reliance manages this.
- It is much less capital-intensive.
- Yes. It’s competing with Google. But I think the government will always favour Indian entities more than foreigners.[ Case in point - MapmyIndia Vs Google Maps]
- PE looks attractive, considering the sales growth.
- For all ratios [ PE, PB, price to sale, EV/EBITDA], it’s trading below/at ten years mean [ as per screener data]
Please share your views, especially the ANTI-THESIS pointers.
NOT INVESTED as of now.
dr.vikas
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