Scripscan:Morgan Ventures Ltd
cmp:4
Code:526237
Investing-reflections:Morgan Ventures operates in the businesses of investments, windmill operation, and trading of capital equipments.It places funds with other companies through inter-corporate deposits, bills discounting facilities etc.It operates a wind project with 4,275mw generation capacity that is eligible for earning carbon credits under the UN framework. However, this business is seasonal and exposed to uncertain wind patterns.It also acquires capital equipment in liquidation auctions and resells it as is or as scrap. Future business would depend on the availability of liquidation auctions and similar opportunities. Moreover, demand for capital equipment is cyclical and may be substantially diminished in down years.The company reported declining performance over the last five years – reporting net losses in the last twelve months on revenues of just over 2cr. It employed only a moderate debt load to finance its operations.Management’s focus in the future is likely to be on the windmill operation and capital equipment segments – with a curtailing of the investment business.
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