Related-party transactions are certainly a red flag, investors should be concerned.
Apart from that, the company is in a very niche space rapidly expanding. The number of Airports, flights etc. will almost certainly go up leading to greater business opportunities to the company. Further the company is in a space related to safety, the business is sticky for the airport operators.
The company has started doing the assembly work for some of the products. It has the first-mover advantage here. It will also increase the company’s margin compared to the supply of imported products.
Intermittently the company is declaring various orders.
Today the company declared Bridgehill AS Norway, world’s largest Car Fire Blanket manufacturer.
ANLON_01082024135438_Reg30.pdf (105.0 KB)
The market Anlon is operating is niche, very small. Thus, I don’t think any big competition is coming in the area. Further, the niche is likely to grow at a fast pace, giving a sweet spot to the company. The margin maintained by the company is impressive. Make in India is favoring the company. Hopefully, the management will utilize these tailwinds for the company’s growth.
[Disclosure- Invested and biased]
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