After a very long time, the company declared a profit in Q4-2020-21. At a topline of 28 crores, it has shown a net profit of 2.1 crores. Looks like the capital goods cycle is turning positive.
Rishi Laser 2020-21.pdf (2.8 MB)
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Our country is going to have a lot of infrastructure spending going ahead. This is also evident from exploding orderbooks of many infra companies. Rishi is also a beneficiary.
Valuation wise it’s at mcap/sales of 0.1 at historical low not after share price being stagnant and sales increasing. Can it go upto mcap/sales of 0.4 from here?
Lot of operating leverage is available if sales increase profit can increase much faster
Can the sales increase from here given the tail winds present?
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This company is turning around very well. Do anyone have idea regarding their current orderbook?
Thank you
Company has proposed for Concall…
Seems to be a turnaround story…
Any body attended the concal
Concal audio link
Very insightful detailed and high quality Concal from management.
Their major customer is CATERPILLAR and client name includes ALSTOM
Disclosure: Invested recently after listening to the Concal and is around 1% of my portfolio with long term view.