One of the largest holding in my portfolio, this company in the business of Kitchen and Home Appliances stands as one of my most dependable stocks. Most of my confidence in the company comes from the dependability of its top management- Mr. T.T. Raghunathan and Mr. T.T. Jagannathan. The revenue and profit of the company has increased over both domestic and export frontiers despite the global inflation & disruption of international supply chain, especially after the withdrawal of its dependency of imports from China. The company seems to have no major issue except for the fact that there has been a huge decrease in inventories this year (7.23 Cr), which, if unaccounted for, could bring effective net profit a little lower than last year. I have also talked about some issue with its associated company TTK Healthcare in this blog post. Though the picture seems a little over-painted, I still see an upside of around 12-13% to around Rs.1000/share owing to great financials and operations of the company.
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