October 24, 2024 Company continues to expand in all focus segments Senior living residences launched in Gurugram in August 24. 75% booking achieved in 60 days 300 beds in care homes now. 234 added in H1FY 25 (Gurugram, Bangalore, Noida) 300 beds to be additionally added in H2 FY 25 Products portfolio expanded to 59 … Read more
October 27, 2025 Continued strong performance in a challenging environment. Management has been diversifying towards more geographies, product lines as well as customers and has demonstrated gradual success over last few years. It provides a balanced approach towards short term focus (order wins), medium term strategy and long term preparation. It develops and/ or buys … Read more
January 27, 2025 Continued strong performance. Stock has become further expensive at 48x TTM P/E. The median P/E of the stock since listing in 2020 has been at 53x TTM P/E Don’t be in a hurry. Wait for good entry points. Company otherwise is a superb buy and hold. May 28, 2024 Strong performance during … Read more
February 11, 2025 Volatile performance since last record in August 2024. Q2 was muted Q3 was better than expected 18-20% annual revenue growth target maintained 5-6% Same Stores Sales Growth (SSG) 70-80 new stores planned annually. Expansion would be easily funded from internal accruals. Hence no debt would be required to fund expansion. EBITDA margin … Read more
February 4, 2025 Strong performance continues. Similar outlook as previous – 20% revenue CAGR for next 3 years and 26-27% EBITDA margin. Valuations are getting into an attractive range. Currently at 41x TTM P/E. Look to enter back. May 21, 2024 Strong outlook commentary similar to the previous quarter Company guidance of 20% revenue CAGR … Read more
August 7, 2026 Good performance continues. War and general inflation has been challenging but Company continues to manage it well. With the new CEO, there is significant micro focus on growth triggers and hopefully that will result in better growth and excitement. Feb 11, 2026 Continued strong performance Outlook for near term continue to be … Read more
July 30, 2026 Continued strong performance outperforming the expectations. All geographies are doing well except Asia due to the ongoing war. Management though expects it recover during the remaining year. As always, management continues to be cautious in its guidance. Expect this Company to continues to deliver the way it has in the past 3 … Read more
January 29, 2026 Continued stable good performance during Q3FY26 Growth is lesser than normal Company target of 20-25% due to Industry headwinds. Management expects the situation to normalise and revert to the projected growth in the short term. No real concern as such anywhere. Business continues as usual. May 2, 2025 Continued strong performance. Continued … Read more
May 30, 2024 Strong industry and company specific commentary by the management Company confident of having a good visibility on earnings for the next 3 years based on current projects under execution 10,000 units should be delivered in next 3 years. Average unit size is 1,200 sqft and per sqft realisation is around Rs 3,500 … Read more