Was interested by the numbers so went through the filings and annual report. Found some points which were a bit intriguing/strange. If anyone has any counter-points on the same; would be extremely helpful since the order book is growing at a rapid pace and it seems like a structurally growing business:
- FY22 Gross block on which company did 150 cr and presentation claims utilization of ~15-20% was 10 cr. So on a 10 cr gross block, company can do 750 cr sales? And make double digit margin on the same? Seems too good to be true. What am i missing?
- CFO salary was only 3 lakhs. Seems too low for a company that does 100 cr+ of sales
- Hard to find any employees on LinkedIn/company page on LinkedIn.
- Some of the costs for eg. manufacturing cost of only ~15 lakh for a 100 cr+ revenue company seems too low.
- Value of RPTs with sister company Yamuna is quite high. Anyone have any insights on the corporate structure and the reason behind these being 2 separate entities?
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