Meanwhile just the guidance for FY25 has come and it’s strong with margin guidance of 18% & topline guidance of 20%
But Management can’t be trusted on their guidance .
It will be a shot in the dark unless we don’t see a quarter or two with good numbers to consider it worth building position.
Whenever there is debt crisis in the company, unless it gets cleaned up (significant upside is not possible ).
BestAgro has trading revenue too in the reporting !!
Nobody trusts their guidance. They gave good guidance for fy24 also and it was a horrible one
Once again at the cost of repetition…
FII are selling ,DII are selling, Smart investors like Ashish Kacholia has also reduced his stake, CFO has changed, whole time director has resigned, Finance cost increased, borroiwng increasing, no concal in last quarter, sales and margin both are declining with PAT losses… but retail investors are increasing stake considering it will be a multibagger. Look at the Charts and red signals. You have other stocks also to make money …
Disclosure: Exited long back due to several red flags … Please read earlier comments
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Also to mention, acquiring already owned companies on paper for massive valuations to fool investors. Big avoid.
We have to slightly ignore the management they can’t risktheir entire co. for this. This can be temp problem.
The results are outstanding
we need to compare these results to Sep 2023 … nothing outstanding IMO… Monsoon quarter is always the same…
Sept qtr results were showing glimpse of bottoming out for the company interns of revenues.
Yet comes December qtr, indicating the bottom is nowhere to be found yet.
Horrible numbers.
Disclosure : tracking only
This is the company where u can’t really take a call based on concall as well.
Coz management guidance never gets delivered.
The best way according to me, would be taking a position , once a few qtrs of results are posted in a good shape.
The company has proved to be a nothing bugger. The management cannot be relied upon at all and I have closed my position in the last quarter. The company has myriad of reasons and not tangible execution to prove its might.
Any contrarian views are invited but for now, I have stopped tracking this stock.
Lots of issues in the company - financial and others are there already and more will crop up going ahead. As a person who’s in the agrochemical industry, I’d say that it’s best to avoid this company.
