Amazing write up, forget the company, the write up is more zingy & edge of the seat reading ...Just like the company ...kudos...(try writing a book too on any subject...your writing skills are mind blowing & should not just be limited to analysis for companies)
Great write-up! It’s refreshing to see a deep dive into a niche segment that rarely gets the spotlight, especially given the company’s unique operating model.
While the strong margins are impressive, a couple of operational aspects give me pause:
Despite healthy profitability, cash flow from operations remains weak. Is this working capital getting locked up in inventory/receivables, or is it something more structural?
Frequent share capital dilution is another concern. Do you see this as necessary fuel for high-ROIC growth, or does it risk diluting long-term shareholder value?
Would love to hear your thoughts on how management plans to address cash conversion and capital allocation going forward.
Brilliant Post..Honestly the learnings for me is not limited to the counter discussed , but to why Growth happens , aspect of MoS and why one should move and look out other than traditional business which are evolving and has scope.
Amazing write up, forget the company, the write up is more zingy & edge of the seat reading ...Just like the company ...kudos...(try writing a book too on any subject...your writing skills are mind blowing & should not just be limited to analysis for companies)
Thank you Mehul for such a magnanimous praise. That tells more about you than me. 🙏
Thoroughly enjoyed reading and very jealous of your writing ability Ankit ji.
More power to you!
Thanks, Raveendra. Glad that you enjoyed it. May we meet soon. :)
Great write-up! It’s refreshing to see a deep dive into a niche segment that rarely gets the spotlight, especially given the company’s unique operating model.
While the strong margins are impressive, a couple of operational aspects give me pause:
Despite healthy profitability, cash flow from operations remains weak. Is this working capital getting locked up in inventory/receivables, or is it something more structural?
Frequent share capital dilution is another concern. Do you see this as necessary fuel for high-ROIC growth, or does it risk diluting long-term shareholder value?
Would love to hear your thoughts on how management plans to address cash conversion and capital allocation going forward.
fewer than 100 PAN traded in 30 days
True
Reading this article feels truly Zen Moment ❤️
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Article made me more convinced on my conviction.
🙏
Hi Ankit, I'm Rohit from RMS Growth fund. We are one of the anchor investors in LT Elevators IPO, one of our best bets so far
And more specifically i too stay in Hsr layout in Bangalore 🙂
Let's find a way to say hello in person. I'm on X as rohiitian, do send me a DM
Wow. Great. Leaving my coordinates in DM.
Brilliant Post..Honestly the learnings for me is not limited to the counter discussed , but to why Growth happens , aspect of MoS and why one should move and look out other than traditional business which are evolving and has scope.
Very Engaging read …Thank You @Ankit K.
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🙏🙏🙏🙏🙏🙏🙏🙏
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Thanks, Sumit. Glad you liked it.
On both the dilution and working capital, I have mentioned in the blog that these are necessary demons you have to deal with if you grow that crazily.
That's why, I would just wait and watch.
Thank you. Glad that you found it useful.🙏