The company has come out with real bad result; resulting into almost 20% fall in the stock prices. Nevertheless, a few good points are there in the investor presentation.
Order book at around 480 crores [2 times annual revenue] is highest in history. 49% of the order book is from defense sector and 34% from services sector. RDX/HMX export order to turkey worth 75 crores is to be executed in next 5 months. It gives some visibility in the topline going forward. Industrial explosive segment is not doing well. Only the services segment has shown some improvement in topline. Promoters holding is continuously increasing, though marginally. HNI holding is also increasing.
The investor presentation looks good, but when will it be delivered?Investor Presentation- Q3, 2020.pdf (2.6 MB)
1 Like