I was just browsing this company. Any reason it has not performed in the last 2-3 years whereas their fundamentals have improve during the same time frame?

For Gold, it seems Golden Days will continue the way countries are getting ready to bombard each other.

But b/w Manappuram and Muthoot … It seems Muthoot not only relatively stable but gaining as well, whereas Manappuram is behaving like a penny stock where on a bad news it corrects more but gain less on a good news.

Considering the growth (in revenue as well as profitability) and ROE, both of these companies are neck to neck … but when it comes to other ratios like P/E, P/B etc… Muthoot is more than double to that of Manappuram.

Considering both of these companies haven’t diluted equity (no bonus, no stock-split etc. recently) … Another interesting fact which I was observing (just for ease of comparing these two) – Muthoot’s CMP was less that 10 times of Manappuram’s CMP.

However, from September 2024 – CMP of 1 Muthoot share > 10*(CMP of 1 Manappuram share).

Would love to hear from fellow members, any specific reasons, for such consistent underperformance of Manappuram vs Muthoot.

Is it that Manappuram is turning into a value Trap, whereas Muthoot is turning out be Consistent Compounders (may be at 15%-20% per year in market price).

Disc: Invested from a long time (at 80, 100, 120… and even at 200) in Manappuram.

I would love to initiate conversation on “KRN Heat Exchanger and Refrigeration Limited” the fundamentals look good in fact too good but cant seem to find much about the company through other good sources.

Some Positives

• Compounded sales growth and profit growth are very high, ROE and ROCE are also quite high
• Air conditioning market expected to grow quite a lot in India

Some Risks

• Cash from operations is very less as compared to net profits (time period 2021 to 2024). Need to check if profits have been manipulated or not
• Highly dependent on top clientele

Something to dig deeper

• The directors are just family and close relatives it seems. There aren’t many people with very high qualifications (Could be an indicator of honesty as well). Some are just 10/12 pass

Disclaimer: Got the IPO allotment and exited after opening day gains

some dealer told me listed entity doesnot have these products its their unlisted entity not sure though but have reduced exposure please find more about this

So what happens with many of the scrips under ESM is that there are fixed times when the order can be placed. Maybe Emerald finance is also one of them. The time duration is 45 min starting from 9:30, for placing orders then the next 15 mins is a gap time and so on…