Hi…
Aaron Industries was listed in September of 2018, and you can read their annual report of 2019-20, which includes their growth philosophy.
The market cap was barely Rs 20cr, but they were confident in their strategy and philosophy for growing. (Read past annual reports)
Few points to be noted in last 5 years about the performance of the company:
- Top and bottom lines grew by 36% and 48%, respectively.
- The fixed asset block has been increased from Rs 8 (2019) crore to Rs 24 crore (Rs 26 crore in QIP).
- The debt to equity ratio is always less than one.
- A consistent cash conversion cycle of 140 days maintained.
- Operating margins have improved from 11% in 2019 to 19% in the last two quarters.
My only concern is that management doesn’t do con-calls and hence the information is limited. However, they used to respond any investor query over the email with full details in a timely manner.
Disclaimer: Invested from lower levels and biased. No buy/sell recommendation by any means.
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