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.
Hey Girish, I tried to fish for this information from various sources but unfortunately I couldn't find who owns the remaining shareholding. Probably would need to buy the financials of this company from MCA to get this information.
Thanks for taking the time to reply to my query - much appreciated. I will wait for the Annual report 2025 if any more is disclosed in this line for the time.
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
As per 2024 Annual report company has 76% stake in M/s. Apollo Defence Industries Private Limited - any idea who own remaining stake?
Hey Girish, I tried to fish for this information from various sources but unfortunately I couldn't find who owns the remaining shareholding. Probably would need to buy the financials of this company from MCA to get this information.
Thanks for taking the time to reply to my query - much appreciated. I will wait for the Annual report 2025 if any more is disclosed in this line for the time.