A lot of people are betting on re-rating of the stocks, as company is available at cheaper valuations than its peers, however I have a different view point here. More than 60% of the revenue for the company comes from manufacturing where it faces raw material price fluctuations and has very little pricing power. Out of the rest 35% consumer business more than 85% comes from IMIL which is a low end liquor where margins are low along with low brand loyalty now the P&A contributes 4% to 5% of the total revenue, as per management guidance they want to take it to 20% of the revenue. I believe company would still be trading at discount as compared to peers… I made a detailed video on it explaining the same logic and pinned it to my X profile.
X – @amitsinghpal
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