Focus Lighting seems one of the nanocap which needs to be tracked closely .
I bet mainly on promoters & Amit Sheth a 2nd gen entrepreneur with family being in lighting business since last 50 years having started from Lower Chawl lighting mkt in Mumbai.His stake is nearly 75% which is a big comfort as it shows skin in the game.
RONW & CAGR both v decent. Opp size seems big as its focused mostly on LED lighting uniquely designed .Results has been consistent & predictable since 2013 albeit on a small base. Client list is good . manufacturing has started at Bhiwandi & Ahmedabad so the trader impression would reduce.
An architect friend of mine who was earlier v sceptical on the sector mainly due to perceived bias & China threat called the Focus sales rep & was very impressed with the quality n specs of the product which Focus makes. Seems quality as good as Philips but price much less. But now he was skeptical on Focus ability to withstand deep pockets of big competitors.
Focus IPO @45 was priced v cheaply at 5 PE.may be a smart astute cheap way of getting listed in SME & then get listed to main board in 2 year time.
I got in when it opened @ 80 rs & bought higher as well.risk remain its small sizes n competition from big players,key man risk ,China threat,etc,
Have a look at Amits Linkedin profile & activities.