August 14, 2023 Management guidance on business FY 26 target of Rs 1,000 cr revenues i.e., a 22% CAGR over Rs 552 crore in FY23. Growth through expansion currently 461 exclusive brand outlets. Target to increase to 700 over the next 2-3 years 70% company owned stores and 30% franchisees. Mix will remain same in … Read more
September 7, 2023 Well managed Company with proven track record Vinati Organics Limited (VOL) is market leader in its two key products, viz, in 2- Acrylamido 2 Methylpropane Sulfonic Acid (ATBS) and Isobutyl Benzene (IBB) in the global market. commands 65%+ market share for both these products. Difficult manufacturing process for both products act as … Read more
August 12, 2023 Market leader in mobile and crane towers with 63% market share. The Company also offers Crawler Cranes, Truck Mounted Cranes, Lorry Loaders, Backhoe Loaders/Loaders, Vibratory Rollers, Motor Graders, Forklifts, Tractors & Harvesters and other Construction Equipment. Last 10 yr revenue CAGR of 12% and profits CAGR of 39%. Last 3 year numbers … Read more
August 10, 2023 Sequoia is the largest shareholder with > 45% stake. Good known “Yellow Diamond” brand Extensive distribution 125 SKUs, 14 manufacturing facilities Volatile historical performance Business highly sensitive to the raw material prices 10 yr revenue CAGR 17%, PAT CAGR 3%. Average ROE 6% Atleast next couple of years performance should be good … Read more
August 6, 2023 Overall clean business and management. Debt free. Company had Rs 1,282 cr of liquid assets as at June 30, 2023. This is almost 25% of it’s current market cap. IT park and exhibition business are two main businesses of the Company accounting for majority of the revenues and profits. In the short … Read more
August 3, 2023 Westbridge currently owns 34.5% of the Company. Good focused management. Communication is however sometimes confusing. Mr Anandan is more hands on vs other team members and he does outsmarts them during the concall. Focus on both housing and SME loans. 58% is housing and 42% is others. Given recent increase in rates, … Read more
July 28, 2023 Guidance of 15% AUM growth for FY 24 Bullish on two wheeler and SME loans in the short term target of 5% AUM from fintech tie-ups (like Paytm) over period. However, not in a hurry and would grow cautiously. Target 8.5% NIM by Q4FY24 Target ROE for 15-16% for Fy 24 High … Read more
July 28, 2023 Revenue guidance of mid teen for FY 24 EBIDTA margins guidance of 25-26% for FY24 Debt-free Company Not much capex needed in foreseeable future. Annual expected capex is estimated at Rs 150-200 cr primarily towards maintenance. With improved margins and lower capex, ROE should also start improving from current 18%. Very hands … Read more
July 24, 2023 79% revenues are from API, 14% from formulations, 4% from speciality chemicals and balance from intermediates and others. Domestic: Export mix at 62:38% for FY23 Focus on growing the contribution from lifestyle & chronic therapeutic areas, reducing share from the acute therapies Capex plans of Rs 600 cr starting FY22 over next … Read more