Top forging company Bharat forge have 5-6% PAT margin and this company showing 10% in June financial..not possible at all.. khul jhol hai and Kolkata ki company to doubt or bad gya
With all due respect, possible to have higher PAT margins in this industry and I'd hazard to say that Bharat Forge isn't the gold standard here. I personally know some well run companies in the space with much higher margins.
Yes - Definitely looks very decent based on financials and valuation. A big daddy from the space, Happy Forgings, will also be going public soon on the Mainboard.