ROE
ROE has decreased vs 10 year trend
Other Income
Other Income component is making ratios of the company look optically better
Depreciation Effect
Company is depreciating a lower percentage of assets. This is contributing to an increase in Net Profit
Pledge
Promoters have not pledged a significant portion of their holding
Working Capital
Working Capital of the company seems to be under control
Revenue Recognition
Company is converting accounting profit to cash
Capex vs ROCE
ROCE of the company has increased over the last three years
Contingent Liabilities
Company has significant contigent liabilities which can be risky
Retail Holding
Retail has been buying the stock which is usually a sign of exuberance
Share price
Share price has increased over last 10 years but more due to rerating
Current vs Historic Valuation
Company is trading at a premium to 3yr historic valuations
Promoter Holding
Promoter has not sold any shares in the last 90 days
Debt
Company might have issues servicing its debt
