The stock came to my radar due to high profit growth reported, though sales and profits are down quarter on quarter. Sales drop is much less than Mar 22-June 22.
Thank you @rajpapdeja for continuously tracking this and updating this thread. Technically, the stock price might have bottomed out as tripple bottom I feel.
Quickly went through the thread, Investor presentations and concerns raised by @Leading_Nowhere in twitter.
hence, invested 0.5% of PF and plan to increase investment if I can see the stock turning bullish soon. Towards last 30 minutes of trading, it went down to 774 or so (very close to previous bottoms) and recovered to ~796.
Hello all, im being novice here… when compared to caplin fredun looks pricey… im just looking at screener of caplin and fredun… caplin numbers and ratios looks good compared to fredun… could you guys explain how fredun is better than caplin…
In March 2020, when this thread started the author must be asking, will it travel the path Caplin took when it was of similar size. As of 2023 it is not apple to apple comparison on valuation. You need to look at Caplin when it was below 500 crore market cap and how it reached where it was in 2020. To avoid confusion took away the confusion from the title by removing Caplin link.
18% is too high interest for loan. Could you please let me know where in AR is this detail provided? I tried searching the current AR but not able to find. Thanks.
As per this recent announcement, the co plans to raise as much as 120 Cr for further CAPEX and other requirements. This could lead to 30-50% p.a growth for the next 3 years
No response from Fredun bu t another fellow investor gave the below info.
"Average secured loans which constitutes 95% of loans have interest rate of less than 10%. 5% of loans are unsecured with average interest rate of 18%. "
