Hi Siddharth....in this post I felt risk factors presently overweight the opportunity it offers that's why these need to sort out by company first. I am re-emphasizing these points like pledge shares with growing borrowing with stretch capital cycle. Kindly also include checklist in your analysis.
Pledge shares are a concern, I agree. The management’s reasoning for pledging shares is not very convincing. On working capital cycles, unfortunately that’s a industry wide issue. The next few quarters / years would be crucial to see if it can really become a Tier-1 defense OEM.
Hi Siddharth....in this post I felt risk factors presently overweight the opportunity it offers that's why these need to sort out by company first. I am re-emphasizing these points like pledge shares with growing borrowing with stretch capital cycle. Kindly also include checklist in your analysis.
Pledge shares are a concern, I agree. The management’s reasoning for pledging shares is not very convincing. On working capital cycles, unfortunately that’s a industry wide issue. The next few quarters / years would be crucial to see if it can really become a Tier-1 defense OEM.
PE & PEG on higher side
Yep, definitely not a cheap stock at these levels
Defence stocks are on a tear recently! Will be keeping an eye on this one
Yep, the volatile geopolitical scenario definitely helps