What does company do?
All of the end industries catered are on growth/capex track.
September quarter company posted 65cr revenue, in fy21 full year sales was 70cr. All this in a stagnated copper price scenario.
The business nonetheless is a very low operating margin business at 4-5%. But new avenues of growth in desalination plants might mean capex is due ?
Worth tracking fy24 numbers given it is at 85cr mcap and minimal short term debt of 13cr.