It seems the entire report is AI-written (possibly with ChatGPT) with no original insight or reporting
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Is this a recession proof business?
Quarterly numbers aren’t improving.
While guidence for over next couple of years is strong.
Can’t see that culminating into numbers yet.
Pretty average results.
But big red flag was license fee to the promoter. Below is from HDFCsec report
"License fee—a negative surprise: Q4 opex was higher on account of the
company making a provision for a license fee of INR 42.9mn. This license fee,
which was waived off until 31 Dec-2023, is paid to the promoter for usage of
the tradename “IRM”.
I don’t see any value in three letters IRM. Just a way for promoter to siphon off money.
Exited completely. (HDFCsec still maintains a TP of 630.)
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Can you share the report?
License fee of 4.29cr for full year or for one quarter?
No idea. But what is there to license in first place. Even if it was one time, I am not ok with it.
I agree. For promoter this is not the right way to take money out of company
am completely agree with you. I exited too
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Could Trump becoming POTUS and bringing Ukraine war to a closure be a positive trigger for IRM. Long shot?
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