I did check the platform policy, and it prohibits the sale of copyrighted material, spam, or unwanted promotion. I hope I haven’t violated any of these terms. If my post is in violation of any terms or policies, I am more than willing to delete the thread.

To be clear, my intent is not to monetise within the reputed community. Instead, it is to share tools to the community and to build an even greater one.Even all the formula in the sheet are open to everyone and can be built with base template. I had just shared donation to save the time and for the effort, Thanks.

https://x.com/dronefed/status/1742846819242254686?s=20

I think one of the reason is they are highly diversified business and 2nd may be because they are cyclical business.
But management seems to focusing on few products as mentioned in their concall.

“So, solar EPC is not a sector that is identified as a major growth area for us. We have strong
capabilities in that business, and we have a strong order book in that business as well, but the
businesses that we would want to grow year-over-year 5 years from now make them, build them
into multi-thousand crore businesses each of them, that would be the PEB business or hydraulics
business, PGI, tubes, engineering services, and a process equipment. And all of those have the
potential to all be multiple thousand crores, and if we focus on them, we will be able to scale.”

Be that as it may, but I don’t think as minority shareholders we have a say in this. I mean, we cannot tell a management to not give dividend and go for buybacks.

Dividends excluding the tax structure, is real return, not necessarily comparable to price appreciation, but it is a return that we get on our investment. And some people expect a dividend from their investments, and some even if don’t expect want one, when a company has cash and has no immediate need for the cash. And some people exclusively buy some dividend stocks, they may or may not be concerned about the price appreciation, and overtime such stocks can take care of a portion of expenses too. And I think, dividend paying managements are perceived to be friendly to shareholders. There are a lot of angles to this.

I get some dividends from my investments and shorter term trades, in fact, I even check regularly for the credited dividends. So take my view with a pinch of salt.

There are some topics opened on this subject in the forum, you can check them if you are interested, where different perceptions and opinions are expressed.

https://www.moneycontrol.com/news/business/stocks/balaji-amines-gains-3-after-subsidiary-gets-mega-project-status-11998271.html/amp