The company, when it released it’s notification regarding Q4FY24 results, mentioned that to declare results and added “Recommend dividend, if any,…”. It generally does not talk about dividends in its notification of results. Also, it has only given dividends in two out of the last ten years.
Secondly, for the Q4FY23 quarter, the revenue amount was less than 40% of Q3FY24 quarter. Hence it would not be a leap to expect Q4FY24 revenue(results out in 9 days from date of this post) to be greater than that of Q3FY24. The company did zero profit in Q4FY23, even a small profit in Q4FY24 would be good news.
Third, if we look at the overall behaviour of the company over the past 5-7 years, it has been a very conservative player who has now shifted its focus to expanding it’s work serving across various other sectors. Most of the sectors that it serves are currently experiencing serious capex activities signalling a growth potential for Cenlub as well.
Fourth, valuations are high for its long term historical average but not high at all considering the market cycle, future growth potential and other companies in manufacturing sector.
I am an amateur so please help me understand any flaws in my thought process. Thank you.
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