Having tracked the company:
Positives:
Technocrat Promoters( IIT ians)
Company adamant on improving margins..the same is reflected in recent results with flat sales but booming margins.
Company expanding into a new plant in Gujarat to be close to port and improve export benefit.
Good Promoter Stake
Low PE of 6
Company has been consistently generating good cash flows out doing PAT figures consistently
Company has gotten licensed to be a supplier for Indian Railways.
Orderbook for Solar structures good for 1 year.
Negatives:
Substantial capex of 300 crores in next couple of years
Dependence on capex by government
Overall though can see a vast opportunity ahead for the copany specially considering the sectors the company is in .
Disclosure: Invested
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