Topline growth is indeed great! 350 Cr topline company available at 390 Cr market cap is indeed an attractive proposition. But can you please throw some light on the sustainable margin profile and why have the margins taken a hit in this quarter? Is it because they have launched some new products and are selling them at a discount to capture some market share? Moreover the short term borrowings have shot upto 100 Cr and so has the interest. Is there any pressure on the working capital cycle?
I don’t have a lot of details on these things and it would be great if you can help me with this. I have taken a position in this correction over last 2 days. But would be really keen to the business and micro and macro factors impacting it so that I can build my position size and make it sizeable.
Thanks in advance!
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