Yes you are correct. LED Price erosion is an issue since past 5 quarters for Calcom and whole segment. It has made waiting longer for sales number to show meaningful growth. As far as there is good volume growth and investments in backward integration bearing fruits (Better EBITDA%), i would like to wait patiently.
Also, new initiatives like PLI Scheme Investments and New Product Announcement are good enough for me to hang on longer. I have hawk eye on “Cash Flows” as there has been too much of capital raise and good amount is blocked in receivables and Working Capital.
Regards,
Mukul Jain
Invested and Biased
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