ET Prime Special Series: Multibagger or IBC - Part 68: Is this company, part of a southern group, getting simpler, or more complicated?

A business can trace its manufacturing history to 1962, yet sit inside a listed company incorporated only in 2017. That is only the first complication. It has sold a large part of its older two-wheeler exposure, commissioned a new manufacturing complex, and used land-sale proceeds to reduce debt. FY26 margins improved even as reported revenue declined. But an asset-sale gain lifted profit, while an overseas subsidiary reported a loss. The investment debate is no longer about legacy alone. It is about portfolio quality, overseas execution, and hidden working-capital funding.

Raccontata daeconomictimes.indiatimes.com