August 9, 2024 Decent quarter Container availability issues during the quarter impacting revenues Pet food should get launched by March 2025 No additional observations. May 29, 2024 Decent quarter Margins during Q4 FY2024 improved due to the reduction in the raw material prices Next 2 qtrs are expected to be stable on margins Growth is … Read more
January 19, 2024 Footwear retailer – Metro, Mochi, Walkway, Crocs, Fitflop, Foot Locker Own Brands contribute 70-75% of total store product sales at MBOs Management seems to be know it all types – typical of many retail franchises. Strong financial track record – Revenues have grown at a CAGR of 15% in last 5yrs and … Read more
November 9, 2023 One of the most diversified contract manufacturer – FMCG products (including food, home care, personal care), leather products, beverages, ice-creams, pest control products etc Company claims to be agnostic about product category provided it meets the basic operating checks It doesn’t have plans to launch products under own brands It’s very clear … Read more
May 13, 2024 Continued good performance. During Q4FY24, revenues grew by 11.4% YoY, EBITDA 23.6% and PBT 23.4%. PAT declined by 9.3% because of higher provision for tax due to gain on sale of investments. Outlook – to continue focusing on growth through organic and inorganic routes. Solid Company that should continue to do well. … Read more
August 7, 2024 Muted quarter due to industry headwinds Marginal decline in margins due to lower growth, higher employee costs and higher depreciation Employee cost increased due to significant increase in field sales force during last year; effect of which has started trickling now on yoy basis. Will optically get normalised by Q4 Higher depreciation … Read more
October 23, 2023 The company is the largest bead wire manufacturing line in the world at the Pithampur plant (72,000 TPA) and the only manufacturer of bead wire in Thailand (60,000 TPA). Bead wire is used in various kind of tyres. It prevents vibration during driving and is required for the safety, strength, and durability … Read more
February 3, 2024 Continued slowdown, though some recovery seen during the quarter. Also, intensifying competitive pressures from China as true for the overall chemical sector in general. Inventory destocking led demand slowdown is ending. However, economic led demand pickup is awaited. Very transparent and reasonable management. November 2, 2023 A relatively young Company. Incorporated in … Read more
August 5, 2024 Continued strong performance EVs and Hybrids as of now contribute only 5% of the Company’s revenues Management has commented that there is no widespread slowdown in the Indian car industry so far. News items are mostly related to slow moving models. Popular models continue to have waitlist. May 16, 2024 Continued strong … Read more
May 17, 2024 Decent Q4 FY24 Debtors increased significantly due to strong sales during March. Situation improved subsequently and management confident to normalise this in 1-2 qtrs. Management bullish across segments and hence investing aggressively to build capacities. Company expecting a 15% volume CAGR over the next few years as against 10% volume growth in … Read more