ET Now: Fundamentally last three quarters have been a disappointment but could that be a consolidation phase from where the company starts growing again because it had a fabulous past three-four years ago. Somehow the last three quarters have not been that great but do you think things could turnaround, would you take that leap of faith by this one?
Prakash Diwan: Absolutely. This is probably getting out that long slumber that the last three quarters were a disappointment whereas people expected that to be much more short lived and the management also had very clearly indicated that they would have to go through a consolidation before they get into phase II of their growth.
The portfolio change that they have been able to attain in the last year or so and removing the predominance on just the Maruti vehicles in some of the passenger car segment and some of the industrial equipment that they have started also putting into their inventory on leases and higher purchase schemes that is very interesting.
If you see the kind of margin growth that they will be able to notch up now after this transition, is in place it is going to be strong.
So I definitely believe it is a great pedigree, a great business model, they already have scale and they need to catch up with the kind of Sundaram, Shriram Transport, L&T Finance which have already run up so much so people will buy into this quite wholeheartedly.
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