Excellent results from Praveg.
https://www.bseindia.com/xml-data/corpfiling/AttachLive/02061d6c-07ce-4227-bd9a-536ec58d9f4e.pdf
Also, promoters increased their stake in the last quarter.
And here is the video covering it in depth.
Just sharing.
Not invested as of now.
Their OPM decreasing drastically year on year
Diluting EPS like crazy. They did warrent preferential in 2024 7 times in 2023 6 Times.
Yes. Maybe that’s the reason, stock didnt move at all after such results.
For anyone tracking any company be careful with the nature of the Promotor (Vishnukumar Vithaldas Patel and his wife Ashen), see whether they exit at highs and accumulate at lows. Search for the DIN number of them and other listed companies in which similar patterns have been observed. And then take a decision. In companies with such a small market cap, it is easier for prices to fluctuate but liquidity is the biggest risk. In small companies the manaagements ethics become important paramenter to evaluate the company. Look at jhaveri credits and capital Ltd and there holdings and share prices at the time of sell. Please check the transactions with marketing companies and association of the promoters along with fund expended. Do your Due diligence.
This stock has potential to fall 50% from here as well, suggested around 700 levels that its a poor business model, not an investible grade stock, fragile moat, marketcap/cashflow is 18 which is still very high.
The heavy lifting on the balance sheet is well underway. The combination of targeted debt reduction and fresh promoter capital at ₹275 significantly de-risks the equity structure. If the upcoming August 13 earnings report demonstrates that operational cash flows are finally outpacing the aggressive setup depreciation, the stock has a clear fundamental pathway to initiate a reversal.
