Thanks for replying Amit! All your points are well taken. There is a very good chance they will do well in the long term based on all the information @Donald has brought up with sectoral tailwinds. Have been reading his points over and over again. They provide a deep understanding of where the company stands.
My main concern is the attitude of the promoters. They have a small sales uptick and start doing well, come up with a PPT stating 2X order book right after their great results of FY24Q3. CEO and CFO give themselves a good salary raise.
This is ~2.5 CR salary for 2 employees on PAT of 18 CR in FY24 after losses of many year and then this come up with sales degrowth in less than a year. Also, the FY24 AGM was a complete wash - seems like the promoter doesnât want any accountability and never takes any questionsâŚ
But, as you have both pointed out, if they win a big order, it is off to the races. For now, will try to exit at a substantial loss. Will try to get your inputs on RS every so often.
