As usual set of uncommon results from the company same way muted reaction from the stock market.
Few questions which are worth posting to the management if some one plans to attend upcoming AGM on 26th August 2017:
– Why is the company not publishing consolidated results on quarterly basis? When big conglomerates working across segments can publish consolidated results, what prevents this tiny company to publish consolidated numbers?
– Last year eps of Rs 65 and cash eps of much more, why the dividend is restricted to just Rs 2.5 per share. Why not company publish dividend declaration policy so that market get some clarity on that front.
– Last year lot of promoters exit or de classified in most non transparent manner. Can some one ask what was the consideration paid to the outgoing promoters or what was the deal all about.
– Every time company talks about acquisition of stressed assets but when the opportunity was present last year or year before they failed to take advantage. So, why hold back money and not make a large payout to shareholders to let them enjoy the outperformance as market due to above mentioned points and many others are not ready to give decent valuation to the company.
Disc: Vested interest and biased views