Looking at the current balance sheet after FY 24 results,
- I can see that their Debt-to-equity(gearing ratio) is increasing very quickly. And the interest coverage ratio is quite low. Would they achieve such high growth without increasing debt further?
- Also, one more thing I am concerned about is the high promoter pledge percentage(~63%).
Would appreciate everyone’s thoughts about these 2 points.
Disc: Invested (<2% of portfolio)
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