November 13, 2025 Good Q2 quarter on all counts. Management is expected to give a detailed medium term strategy for the business by early next year. Sales growth in Hindustan Foods business is not the right parameter as it also executes contracts on conversion cost basis and hence sales are lower in those cases. Better … Read more
November 6, 2025 Muted quarter due to continued global headwinds – tariffs and China. Q3 is also expected to be flat Its a great management and stock. However, patience would be needed. July 18, 2025 Decent performance in a challenging environment. Q2 is expected to be similar to Q1 as well. From Q3, with new … Read more
October 27, 2025 Continued strong performance in a challenging environment. Management has been diversifying towards more geographies, product lines as well as customers and has demonstrated gradual success over last few years. It provides a balanced approach towards short term focus (order wins), medium term strategy and long term preparation. It develops and/ or buys … Read more
January 27, 2025 Continued strong performance. Stock has become further expensive at 48x TTM P/E. The median P/E of the stock since listing in 2020 has been at 53x TTM P/E Don’t be in a hurry. Wait for good entry points. Company otherwise is a superb buy and hold. May 28, 2024 Strong performance during … Read more
August 21, 2024 Great potential of significant returns. February 13, 2024 During 9mths FY24, business performed as expected. Exhibition, food and Indrabrator businesses continues to show strong growth whereas IT parks nominal. Excitement trigger is missing. Valuations though continue to be attractive. August 6, 2023 Overall clean business and management. Debt free. Company had Rs … Read more
November 3, 2025 Continued strong performance. July 28, 2025 Decent quarter. EBITDA margins were lower compared to the last year due to forex hedging loss. Adjusted for that, margins were stable and growth in profits would have been similar to the growth in the revenues. Overall a strong company as always. Some volatility is possible … Read more
April 29, 2024 Going forward the performance is expected to improve due to industry dynamics. Surplus funds with the Company no plan to distribute it the shareholders will be used to fund organic and inorganic growth + a buffer against volatile WC requirements As always was a very good call with management’s focused control over … Read more