Nice to see Management not ignore or “push under the carpet” the news around Aspartame, they in-fact address it in their latest quarterly ppt. Wage hike in Sikkim plant by 64%!! Even Ahmedabad plant has increased wage by 24%! They mention some statutory wage rate increase! also some legal fees related to the now closed Sitarganj plant, dented profits. Nycil seems to be doing good while both Complan and Glucon-D have lost market share YoY.
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How is their tax rate negative and what is SEZ ?
Their sales have gone 5 times since 2018 and profits have more than doubled in the same time period but the stock price hasn’t moved much.
Promoters and retailers both have started accumulating this stock as per tijori data but won’t the tax rate inevitably increase to 25% levels in near future leading to flat profit margins ?
What am I missing ?
2 Likes
