I had a look at the last 5 yrs of financials. Couple of things to watch out
1). 5 yrs of reducing OM from 16% to 10%
2). 4 yrs of reducing growth 23% to 8%
So, it seems like the company is struggling to expand and even keep the margin. Doesn’t look like having any moat
This is initial analysis only basis last 5yrs financials, so might not be the full picture
Bhupesh,Kaushal: do you have any view of how the company would reverse the above trends.
Disc: no holding