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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