Why GMM Pfaudler Is On Our Watchlist
The largest maker of corrosion-proof process equipment in the world spent three years going nowhere. Sales stopped growing. Reported profit fell by more than three quarters. The share price halved. Underneath all of that, the company was quietly generating more spare cash every single year ₹367 crore last year against ₹52 crore of reported profit. Its order book has just reached an all-time high, and the share price has broken out to a new high.
First, how a company gets onto our list at all Most people pick shares by studying the business first and looking at the price chart last. We do it the other way round. The reason…
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