🔍 At a Glance
Kore Digital Ltd was once hyped as the next big thing in 5G infrastructure. With a dream run from IPO to ₹952, it got retail investors all fired up — only to crash67% to ₹317. Now, withFY25 profits at just ₹32 crore,no dividend,high receivables, andnegative cash flow, the question is:was this just a pump and dump or is there real telecom muscle under the hood?
🏢 About the Company
Kore Digital Ltd (NSE SME: KDL), founded in 2009, operates in thetelecom infrastructure servicesspace.
What they do:
- Build telecom towers and optical fiber networks
- Hold anInfrastructure Provider-I licensefrom the Department of Telecommunications
- Serve telecom network operators and corporates (mostly in Maharashtra)
The promise? Ride the 5G and digital India boom.The problem? The engine’s sputtering, not roaring.
👨💼 Key Managerial Personnel (KMP)
| Name | Role |
|---|---|
| Piyush Lohia | Managing Director |
| Vikas Lohia | Executive Director |
| Rahul Mishra | CFO |
| Ravi Bhatia | Independent Director |
👀 Not much is known about client wins or execution prowess — the promoters have stayed under the radar while the stock price did all the talking (and screaming).
📊 FY25 Financial Summary
| Metric | Value (FY25) |
|---|---|
| Revenue | ₹328 Cr |
| Net Profit | ₹32 Cr |
| Operating Profit Margin | 14% |
| EPS | ₹26.36 |
| Tax Rate | 24% |
| Dividend | ₹0.00 |
| Net Cash Flow | -₹38 Cr |
| Debtor Days | 156 😬 |
So, a ₹317 stock with ₹26.36 EPS = P/E of ~12. Sounds okay?
But hang on. Let’s talkcash. Or lack of it.
📉 Why the Stock Fell 67% from ₹952 to ₹317
Let’s call it what it is:SME IPO FOMO + Operator Exit.
- 🚨 Listing pop drove it to ₹952 in peak retail mania
- 📉 Now down 67% withno growth,no moat,
