*With Price Up, Trail Stop Loss* *Book Profit as per Risk Appetite*
*Fundamentally Strong Co* 1st & largest B2B digital marketplace in India. Asset light & Proven model. Key beneficiary of Tech adoption-India’s MSME universe / shift to formalized ecosystem.
Increasing Sales/Profitability on Qtrly/Yrly Basis. RoA/RoE/RoCE in double digits - Though drop from FY20 levels, Higher from FY19 levels. Continuous Increase in Ops. Cash Flow since Mar'13. Collections remained encouraging at +25% YoY.
Low Equity / Low Leverage / Sharply Increasing TNW. FIIs Stake slight decline since Dec'21. DII Stake up since Jun'21. Promoter Stake constant.
*Concern:* Employee cost up 25% YoY, ARPU dipped 0.8% QoQ (due to higher share of suppliers within lower value package)
*Do Your Own Research as Well. This is Just an Opinion.* Your Opinion may Differ/Respected. Happy Investing :)
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