I think the company seems to be on the cusp of great growth but not sure if they can actually capitalise. They made some weird comments in the concall – when someone asked why the utilisation was so low, Mr Soni kept saying he is chasing margins and not volumes – that begs the question – why has he expanded capacity from 2,500 tons some time back to 40,000 tons if he is not chasing volumes. Also, the Other Income is a bit strange – they have generated 4 cr from investments in just one quarter – but their investments are not enough to generate this kind of return…Plus they have made an advance of 1.8 crores to a related party
| Subscribe To Our Free Newsletter |
