Originally posted by prabhakarkudva
Their AR is brilliant.Every aspect is explained in a crystal clear manner. |
I agree ... the annual report is indeed very well crafted...for a small player this is pretty unexpected.

They are trying hard to do a good sales job.
A few misc points:
On the promoter share pledging the annual report seems to mention that it's pledged as security for the working capital loan. So maybe no issues there
Is there any justification for the fall in topline in 2009? After all oral health care business id not go down because of the industrial recession.
Also, the 12% margin (2009-10) for such a low value added player seems a bit on the higher side...2009's margin was 5%.
Also note: the company seems to have diluted equity recently...They have plans to take over some group companies...
My personal gut feel is that the stock will do well over the next 1-2 yrs (both the publicity machine and the profit machine will crank)
Edited by subu76 - 02/Jan/2011 at 8:13pm