In My opinion the management has very poor capital allocation skills
For a 2500 crore company they have created business like conglomerate
there are too many moving needles,
Once they say they’ll pay debt by 100 crores P.a.
now they say they’ll invest that 100 crores in Business and let the debt piled up if there’s growth opportunity
no matter how good the growth prospectus or market conditions are, you should be having sane rationale w.r.t. capital allocation in business specially
hence execution remains the key
See Cera, Hindware was giving tough competition to Cera but too many business Caused them to move away from the main business, they have good hold over Bathware and modular kitchen appliances, why PVC investment?
Thike the business will give them fruits but too much clutter Ness is business is bound to fail some day or other
Not invested, Happy to hear contradictory views though
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