Thanks, agree to your points. I think most significant here is the intent of the promoters to transform and that is shown by walking the talk and by actions. I see significant gap here. For eg. a decent acquisition was promised during IPO…none happened. I remember at time of recent stake sale to reduce pledging, it came in news that promoters would soon increase their stake again. Not heard about it. New products beyond hair oil was promised, seen none significant in 10 years and even amid major covid disruption…
Although now seeing some premium launches within Hair oils…
Even if this company speaks and eventually does walk the talk then I have seen as per my limited tracking is that it takes significant time to reach where they speak of (unless the strategy is changed in between in few years)… say if a Tata can do in 1 year, Marico can do in 2 years, same result it can do in 10+ or 20 years (Hypothetically)…it may very well walk the talk…but timeframe is a BIG question for me…
I am playing an anti-thesis because off late I am myself getting attracted to its cheap valuations so want to make sure I brood over all doubts…
Disc: As above. Views only for academic purposes and I can be completely wrong in all my assessments