Uncertainty is certain with this company.
If interest cost was not lower this year profits would have been even lower. ROCE is very low. and they have spent so much money in new plant in gujarat which has been stalled. if is is coming up or investors dont know- they dont update on anything.
As usual promoters are not very confident with numbers in the concall. dont have any answers to basic questions - what is surprising is they own 67% of the company and still are not bothered.
Investors have got fed up and even stopped attending calls. every time there are new investors on the calls - as the company keeps harping about Hydrogen cylinders - which is the buzzword… and then when investors realise there is no sales of hydrogen… they avoid.
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