Dear Lovish @imurlovish ,
Since I did not analyse too closely, I dont have much insight on OPM variation quarter on quarter as I do not know much about seasonal variations, but only looked at annual change. As you can see OPM on annual basis, it grew from 4% to 10% TTM in 4 years and last year and consistent at average 10%. Also the company had first time con call in Q3 (this is aother bullish factor, I considered) to bring the story more clearly apart from presentations which they were doing and got in to new areas like electronic goods for mobility and lighting solutions apart from control cables where it is strong already. They claim these are part of Diversifying product portfolio with high-margin, next-generation products So I expect margin increase as expected. Also they are expanding to other geographical areas, making their offerings EV agnostic.
These are other positives as per concall.
" * Aiming for a top line of ₹900 crores to ₹1,000 crores by FY '29, with an EBITDA margin of 10% to 12%.
- Anticipating approximately 20% growth in FY '25 on a consolidated basis.
- FY '26 expected to be significant with contributions from recent acquisitions and new product lines."
Source: Screener notes of Concall.
So first time concall, recent past growth in revenue, pat and margin. Future guidance, Recent acquisitions and order wins, Promoter buying and lagging stock price CAGR, vis a vis Profit/Revenue CAGR on 3 year and 1 year basis are my reasons to invest in this counter.
I dont intend to discuss more in this stock here as the purpose of thread is to track insider buying only. I do not have bandwidth to initiate a new thread now and let me know if there is another thread suitable to discuss such ideas.