Hope you like the part I and II. If you haven’t read parts I and II please give them a read. This part will talk about the Analytical part rather than talking about the numbers. Moat Analysis
The analysis is fine but seems to be withholding the poorer qualities of the business and company
1) management’s track record is not spotless, whether guilty or not, they were under ED investigation due to augusta case
2) it is a prevalent malpractice in this business to pay less than MSP as the mandi (govt) takes time to pay farmers who do not have the power or infra to hold their stock. Thus, they sell whoever buys with better payment terms to settle their debts (unorganised thus enjoys an unfair advantage vs listed players who must abide by the law)
3) the individual success of brands other than india gate like unity are not discussed, since i do not know myself i cannot comment
The analysis is fine but seems to be withholding the poorer qualities of the business and company
1) management’s track record is not spotless, whether guilty or not, they were under ED investigation due to augusta case
2) it is a prevalent malpractice in this business to pay less than MSP as the mandi (govt) takes time to pay farmers who do not have the power or infra to hold their stock. Thus, they sell whoever buys with better payment terms to settle their debts (unorganised thus enjoys an unfair advantage vs listed players who must abide by the law)
3) the individual success of brands other than india gate like unity are not discussed, since i do not know myself i cannot comment
The intention is to learn and help others. ✌️
Boss, what kind of analysis is this without a mention of the Augusta scam ?