October 29, 2024 Originally incorporated as Nagpur Waste Handling Private Limited in the year 2011. Company got listed on June,2023 on NSE SME Platform. Currently Promoters own 51.19% and Public 48.81% Couldn’t identify any veteran investor as at September 2024 end It provides waste management solutions and municipal solid waste management Revenues mix in FY … Read more
February 13, 2025 Continued similar business dynamics. Continued growth under PPP model; excitement in some states and challenges in others. Receivables continue to be high. Company is confident to be able to manage them though with some volatility. B2C model started in Q3 FY 25. Negligible so far. Expected to ramp up in FY 26. … Read more
October 28, 2024 Muted quarter in contrast to management’s own bullish expectations. main reason attributed – heavy monsoon Management always sounds very bullish and is good in creating FOMO. Most of the time they fall below their predictions and promises. This has been happening for decades. July 31, 2024 Muted quarter Management attributes that to … Read more
January 23, 2024 In 9M FY24, 80% revenues were from Solar EPC, 5% from Solar Tracker and 16% from EV leasing EV manufacturing. Vehicle is under final stage of approval from ARAI. Post final approvals, commercial operations are expected to start in early FY’25 with a capacity of 30,000 pa Its a 2 door, 2 … Read more
July 30, 2024 Decent continued reported performance. Nothing extraordinary. Cash flow generation still not strong and not corresponding with the reported profits. Cash conversion cycle continues to be very high at 432 days due to high receivables and inventories. Management has also started increasingly capitalising research and product development costs under intangible assets. Figure jumped … Read more
November 2, 2023 Projects are significantly concentrated in Gujarat. Company’s success rate in bidding is 15-20%. Rs 2,600 cr of revenue guidance for FY24. Operating margin guidance of 11-12% for FY24. Moderate but increasing debt levels Volatile working capital track record. Cash flows therefore don’t align with the profits. Rs 1500 cr of fund and … Read more
November 13, 2023 Company’s flagship offering is www.easemytrip.com Its services include airline tickets, hotels and holiday packages, rail tickets, bus tickets, taxis and ancillary services including travel insurance, visa, tickets for activities etc Almost 90% of Companys’ revenues currently are from the airline business Company has in this year changed focus towards profitability instead of … Read more
November 8, 2023 One of the largest organised pharmacy chain in India 4000+ stores Also does private labelling of various kind of products – pharmacy and non pharmacy Private label accounts for about 14% of the Company’s total revenues currently. Also have a small presence in diagnostic services. Pilot in Hyderabad. Its very small as … Read more
November 23, 2023 The company is an associate of British American Tobacco Plc, which holds a 32% stake. Below average growth trends Sales CAGR of 7% in the last 10 yrs and 1% in last 3 yrs Profit CAGR during this period was 11% and 2% respectively Return on capital as expected has been high … Read more