This company is stuck in a place where number of companies will quickly reduce and consolidate. Though operating in a large space, is sandwiched between GCCs, large ESPs, IT companies and some boutique firms. With DNA of onsite placement and subsequent acquisitions only becoming burden to the management bandwidth, this company will require a real game changer to be in consideration. Its primary investor is great, but the positioning is such that it requires a restart to be a significant player and it is anybody’s guess if restart is possible after making as many acquisitions as it has done. Mistral is one of the more value adding, but it needs to be seen how it gets integrated with completely different views/cultures of Axes Cades. I would consider only when I see an evidence of value creation on ground.
All the best.
Interesting interview of Astra micro where the mgmt says they will be surprised if PAT is not 3-4x in next 3 years. Shows the tailwinds experiencing in RF/EWF industry as a whole…
Co’s Net Profit Could Move Towards ₹400-500 Cr In The Next 3 Years: Astra Microwave
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Mr SRN is restructuring the management team and bringing his guys in to the company now.
I found that Mr SRN was previously the CEO of Axiscades till 2014 as well.
Does anyone know why Mr SRN had left the company in 2014?
Observations:
The stock price had gone nowhere for 5 years while he was ceo
The stock went up from 60 to 300 in a matter of two years from 2014 to 2016 after he resigned.
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