Gandhi Special Tubes Q1 Result
EV will disrupt what they do …
The company has continued to post good results whilst Sales growth has remained sluggish. Recent performance seems to have elicited a lot of investor interest.
• Operating Margin has been > 40% for the last 3 quarters • Weekly traded volume is 20x 6mo avg and delivery volume is 8x 6mo avg. • 50% increase in On Balance Volume since April 2021
Sales growth continues to be sluggish
Promoters continue to buyback shares regularly. Stock still looks cheap.
Is there a terminal value risk to this business?
Does anyone have a connect with the management of this company?
Numbers look really interesting, but growth has been a challenge as I see. 1H is encouraging.
Any inputs would be helpful from someone who has looked at it recently