Hi, i have exited the stock for similar reason as mentioned by you. When every EMS company is able to grow, why are they struggling ? They have failed to grow for 2 qtrs after a significant jump in March 24 results. So looks like it was one off growth and not sustainable. Will keep this stock in watchlist if something changes in the company. They have potential and capabilities and as your rightly pointed out ambition is missing. Probably change of promoter is something that will now propel the company
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Just had a quick look at this again this quarter/FY.
Investments + Cash = 128Cr
MCap = 120Cr at Rs.120/share
A 200Cr sales/yr business with ~10Cr odd profits available for no cost. What am I missing? Profits are erratic, Subsidiary was amalgamated, Not much shared by mgmt on direction of company.
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Any one tracking this stock? Any view and update?
I know someone who is close to the promotor group , they said that daughter is not much interested in running the business and main promoter also is not keeping well due to health issues and company is being run by old faithful employees right now , so until they bring a experienced external CEO hard to see how they create value .
Thank you. Promoter caliber and dedication to business is the most important