NetWeb Technologies (Supercomputing?)

The concerns raised in the post are very much valid. But what intrigues me are the following

1. How did they develop all the Super Computers listed in their deck with that team. Few of them are listed in the top 100s of the world and in top 10 of the nation as well. Recently they won ISRO Super Computer award as well.
2. How did they collaborate with the top of the top enterprise? In the Gujarat Summit, the Nvidia head took company’s name as well and they are elite partner as per the Nvidia site too.
3. The retention metrics of the clients is too good. And the duration of these relationship extends for years as well if not decades. Even though in one of the interview, CMD said they have most of the relationship for decades
4. As per the CMD, they listed the company for the sole purpose of attracting talent.
5. They were bootstrapped before becoming public.
6. Got down their debt completely.
   7.If there is no entry barrier as per the few comments, why don’t we see any other player in the domain?
   8.Few commented they aren’t doing any specialization, then how come their margins are twice or thrice that of their competitor.
7. Point to worry is on the cash conversion which doesn’t go well with the sales growth. In growth companies, its difficult too see until they become stabilize.
8. Have asked one of the guy who was an ex qualcomm to go through them. lets see.
9. CMDs numbers match with his words.
10. He says no defaults till date.
11. Qualification for the PLI and upgrading themselves from PLI#1 to PLI#2 stamps their talk.
12. They say conversion rate of 60% when it comes to government and their payment cycle is good compared to private.
13. Have shared partnership mail with a startup(funded by https://www.specialeinvest.com/) based out IISc. Yet to hear back.
14. I hunch that they might have some solid technical guy who is heading the team, which they are underplaying so that he might not get poached. Their attrition is in single digit.
15. Receivables are in line with the Sales growth

I’m still making my mind whether to go big as i took small exposure recently with all these doubts. The current price doesn’t leave much of Margin of Safety .Everything comes with a price.