Opportunity in Standard glass is based on strong execution till FY27. At current PE of 63(Valuations are fully priced in short term), Margin of safety is limited.

Redflags
Negative CFO/EBITDA (-64%)
Increase in cash conversion cycle & Working capital cycle.  
Decrease in ROCE YOY.

Its Interesting when one goes through DRHP of the company:
🔴 Promoter is "unable to trace his educational documents."

While there are  companies which are successfully ran by schooldropouts, the inability to produce basic documents like educational certificates tells about the  company's overall transparency and commitment to good governance.

TO invest after this ????

Disc: not a recommendation to buy/sell
 #IPOs