Quite nicely summarized. Here are my 2 cents
– u have highlighted the key risk quite well especially RPT
– for promoter, its not the only business in textiles/garments – it is just one of the business. They have other businesses in garments which are really mammoth in size
– just a perspective – they have the first mover advantage some 20-25 years back and where they have reached. MC is a brand which was synonymous with sweaters but when we look at the scale of operations (sales) – i was never able to connect
– Price seems okay, even Samara paid around that 3 years back. But still i have to search for value..
Above mentioned text raises more questions rather than answers. And for me, there used to be even more – when i was closely associated with the group for some equity related activity. Since then i have not tracked it & still at this price, it does not excite me. Wont like to elaborate more on this on a public forum – feel free to PM me, for any specific query – if you are really enthusiastic for it
Lastly – The things might have changed and i might not know. So i deserve the right to be wrong. Needless to say, no holdings
Best
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