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a high-risk bet on a turnaround and diversification
- a high-risk high return bet on a turnaround and diversification
- high promoter holding and increased fiis holding
- despite its dominant market position significant concerns regarding financial transparency, staggering receivables, negative operating cash flows and its ambitious diversification into the battery sector
- global leadership in gold refining - positioning it as a critical node in the global gold supply chain - massive indian jewelry market – its retail arm shubh jewellers, has the potential to capture a larger share of the domestic market
- vertically integrated model
- speculative ev battery diversification - its subsidiary, elest pvt ltd with a proposed investment of 24,000 crore to establish a giga-factory for battery cells
- challenges - wafer-thin margins, extreme working capital intensity
- price volatility inventory valuation and profitability
- high trade receivables - valuation multiples appear cheaper than its peers but they are meaningless without confidence in the underlying earnings and cash flows
- if a few quarters are good it shall go multi fold ( 227 days ago )
  Sha_Alpha  4 followers
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