@Aakash_Suresh, the problems specified are spot on.
I actually was invested earlier in this company and communicated with their CS with regards to the Arbitrage fund sub-par returns and since they have absolutely no need for the Investments in working capital, even FDs fetch better returns. I did get response from the CS, but looks like they still are in the same funds.
My exit was triggered by H1 FY 25 results, abnormal margins along with negative cash flows and increase in price due to the results.
Succession plan, lying funds and uneven sales trajectory makes it an optimum value trap.
Although the company comes with decades of experience and currently supported by the tailwinds in the industry.
Overall it gave me decent returns in short span of time, so I am naturally happy with the company but it should not be viewed for more than a medium term bet.
Note: currently not invested and not read AR and recent announcements.
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