Investor presentation for Q1 results
The management in conference call has explained the reason for decline in revenue was due to top most client not purchasing adequate in Q1. But they expect even the top account is expected to grow 10-15% this year. They guided for the annual revenue for FY18 at 380 - 400 Crores.
Disclaimer - Invested at 5% of my portfolio
Anyways, I have said what I have wanted to earlier. Company is good. But, I would definitely not trust what management is saying. And would only venture into it, when I see lot of margin of safety. Which I don't see now.
Agree completely. Definitely a good company. Commanding 38 PE for a 15-20% compounder. A moat with less MOS. If the acquisitions and mergers click then the rate of growth may be higher.
Convinced look too strong word when every quarter promoter gives some reason n promises a great quarter next time. Reasons nay be genuine or cooked up but they have scored a big 0 on trust factor n ability to live up to words I believe based last 3 quarters of commentary . Disc : had a tracking position n exited few months back
Given the current valuation results doesn't seem encouraging. With market at new highs its always better to stay sideways until clear picture emerge. I will re-look at the company post 1-2 quarter results or at Rs.200 whichever comes 1st. Seems overvalued at the current price.