@sammy11 if 6.7% sounds ok to you, then wait till i tell you that the growth is 20% and not 6.7%. It looks you have simply subtracted 6.89cr from this quarter's earning and compared with last year's revenue. This is not right because last year, Prima's revenue also included its revenue from its ACP division which was around 2.51cr. Since the ACP division was closed in Jan 15, this quarter's results does not have any ACP revenue. So a right comparison would be comparing last year's Plastic moulding furniture division's 18.49cr vs this year's(29.3cr) revenue minus 6.89cr which gives a growth of 20%.
What's more, this quarter's results actually include an inventory loss of 0.83cr of its closed ACP division and if that was to go, the margins would have been even better.
Just like you, I am sure the big guys would not be digging in the results, and therefore, for people like you and me, here's the opportunity to bag this company at reasonable valuations. For march ending quarter the company would declare consolidated entity's results and that is going to be stellar. Also, i appreciate the communication of this small cap where they have clearly declared about the one time order and it speaks volumes about the transparency of the management.
Its simple right, staggering cash flows, zero debt, expansion coming from internal accruals and on top of it, increasing dividends.