Growth rate Should be speed up from here in diagnostics division due to lower base as whole industry is growing at fater rate…

Good Part is management commentary is also positive in agrochem division which may provide double engine growth going fwd…

Disc: Invested

https://www.bseindia.com/xml-data/corpfiling/AttachLive/057c94d7-5e91-462f-9103-22c2257cb67e.pdf

A good Q3 result in my view – growth continues. I had expected a bit more from the Manchester facility.

Disc.: invested

It was a good con-call. Except the intermittent loss of sound.

Management is clear

1. Do not judge DCX on quarterly results.
2. 500cr raised, of which, 209cr goes to the JV against 60.1% ownership
3. ELTA fund infusion into the JV is nil as they have spent millions in the tech and are bringing that to the table
4. The product is unique and the only tech available that can detect 1km+ range to see what is on the track (obstacle, animals)
5. India is a big market for this tech, considering railway tech budgets / expansions, but the product is valid globally and DCX will manufacture all the orders for the product
6. The product is not a sub-system. It is fully ready to use. Comes with under railway safety as well.
7. Revenue will come in end FY24 starting FY25
8. The tech is different to Kavaach
9. This is a standalone system with complete visibility to the driver
10. Present order book Rs 1569 CR
11. Of which major is exports.
12. Subsidiary – invested 25-30cr in state of the art machinery. Have global approval. Also have internal consumption for the same.
13. High end engineering & aerospace focus only.
14. Lockheed is a major player and this is our first order. We are now in their system and will pop up as a vendor for all branches.

*could not catch parts of the call due to poor connectivity and unclear voice from the speakers.

Management is bullish. Refuse to give any number guidance. Plead to shareholders to remain patient and look at the history, we will not disappoint you, we want to grow and are very clear on the approach.

Feel like price may have seen a near-term bottom. I have added more quantity today during the call.

Let’s wait for more order updates & execution flow.

Dream on

Another quarter of terrible results. Net loss. The silver lining is that the management didn’t try to pad up the results by selling Mutual Funds.

I’m disappointed once again with the total lack of communication around why the business is facing this difficulty and what steps are being taken to overcome it.

Cosmopolitan Investments Ltd & PACs acquire 6.5% of the company