When the industry is in strong tailwind and became sellers market, unable to understand the margin erosion. Waiting period for delivery in USA has become 2 to 3 yrs. Shilchar is in Distribution transformers in renewable energy sector while TARIL is in high capacity Power Transformers. All the three are not strictly comparable. INDOTECH also reported good numbers. It is my perception if they are not able to command margin in a Too good to be true market, there may be some strong reasons for the Not so good results. Respectfully I disagree with you on honesty front of fudging possibility of results by the other two. I have exposure in all the three from lower levels .
| Subscribe To Our Free Newsletter |
