During 2000-2003, TTK Prestige was almost bankrupt
• Sales growth & NPM went negative
• Excise duty increased to 16%
• New products failed to revive the sales
But a change in management split the responsibilities of managers & turned it around.
Since then company succesfully delivered 26% compounding growth.
It means Rs.1Lakh invested in 2000, today value of same investment excluding dividend is Rs.1Crore.
Management matters a lot!!!