[Dilip Davda] LMPL is engaged in the trading and manufacturing of plastic products/primarily ropes and twines. It posted growth in its top lines for the reported periods, but its bottom line marked erratic movements. Based on recent financials, the issue appears exorbitantly priced. The company is operating in a highly competitive and fragmented segment. Tiny paid-up equity capital post-IPO indicates longer gestation period. There is no harm in skipping this pricey bet that can be termed as “High Risk/No Return” offer. Read detail review...

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