You are right
@Param Patel But you already know that this set of companies ( dixon , amber , elin , centrum etc) get margin pressure which increasing its scale
IKIO is a small scale company
It might not sustain its margins
Like in past dixon had almost 8-9% margins but they slipped to 1.5-2% in present
Not being pessimistic on this company
But just analyzing the facts
In elin many were extremely positive but it's cuts are very deep (I had not invested)
Just keeping cautiousness
But if this company maintains this margins ut can rock in future
But it's inventory days is also a negative sign