Rishi Techtex annual report is a great read. Good information on the company, its growth plans and general details about the technical textiles segment. Even though it is a microcap, its AR is amazingly well written.
One can go through the AR of Atul Limited. Its a good read. Also CCL Products
Another good AR from Rishi Techtex
2016-2017 Annual Report - http://rishitechtex.com/pdf/annual_report2017.pdf
Hikal Ltd is also a good read
Read Symphony AR…its a good read…all your doubts about companys growth, will be cleared
I felt that Symphony was trying to overdo it’s AR especially in the beginning. Looks more like overdose of design and marketing.
Disc. Not invested but tracking.
My belief is, it is pure passion and intent to do the best in whatever they do.
i am following it up for quite a few years. may be longer association may drive my association bias.
but i know people and company and hence having little different view than yours.
discl: invested since long time…
I think uniply AR is also worth reading.
Also you may see, they have chosen this format for many years.
just go through last few years AR. It is a consistent structure they have chosen and are delivering year after year.
Therefore, it is more of standardisation to be different (Paradoxical). But chosen in such a manner that almost makes it impossible for others to copy. while stating so, i am not referring only to the design but also the valuable content and the style of its delivery.
If you read carefully, last few years’ ARs, they challenge themselves projecting matter as a doubt in the eyes of investor, give confidence in return that they will be able to do, and generally deliver more than committed. however, their performance needs to be seen on annual/ bi-annual basis in my opinion.
Try Safal Niveshak analysis of few AR’s it clearly shows how to go abt annual reports and the insights to made out of it
ISGEC Heavy Engineering AR 2018 was a good read.