B’s Notes : company analysis, portfolio roundup

Limited Data Post- Listing

NSE Symbol: RKSwamy

• Company’s brand name Hansa
• The company’s growth since FY22 growth has dropped
• RoA is surprisingly low for an ad agency, which is considered asset light business
• Does seem to have some unlisted co.’s in similar activity(requires deeper search)
• Leverage seems to be on higher side but will reduce post-listing (fresh issue part). RoE will also reduce.
• Book Debts seem to be high at 255 days (almost 3 quarters)

Any comments on company’s business are welcome.

Disc: Presently not Invested. I’m not a SEBI RIA. Please consult an RIA before investing.