@Prabeesh thanks for bringing that point, I’ll also do some research on this.
@nikhil I checked their annual report, it is mentioned that contingent liabilities are “On account of guarantees issued by the bankson behalf of the company”. Don’t know how to interpret it, may be seniors can help us to understand it.
@manish I agree stock doesn’t look cheap but RoCE is good except FY13 (look at FY12,11,10), I quoted the reason why it is less in FY13 as their was an accident in one of their plants and all the detonators got blasted.
Yes that would be a good thing if they can have a JV with an MNC but looking at their innovation capabilities they are doing a good job like they themselves developed solid propellant and CL 20 explosives without any help from an MNC.
They can be a good acquisition target for an MNC.
Disc: Not invested