Key Notes on Jain Irrigation Systems

February 9, 2024 Business Segments Q3FY24 Revenues & EBITDA break-up Hi-tech Agri – 33% & 50% Plastic – 36% & 28% Food Products – 30% & 24% Geographical break-up of Revenues & EBITDA Domestic – 72.9% & 77.5% International – 27.1% & 22.5% Performance during the quarter was impacted due to reduced performance in the … Read more

Key Notes on Vedant Fashions (Manyavar)

January 29, 2024 Indian Wedding and Celebration Wear Brands – Manyavar, Mohey, Twamev, Mebaz, Manthan as at December 31, 2023 – 673 franchisee owned  Exclusive Brand Outlets (EBOs) including shop in shop (SIS). Includes 16 International EBOs Performance track record In last 5 yrs, revenues grew at a CAGR of 12% and profits at 24%. … Read more

Key Notes on Gulf Oil Lubricants

February 6, 2024 It’s a Hinduja group Company. 80-85% of product portfolio is focused on automotive and balance is Industrial. 40-45% of its product are in B2B segment and remaining 55-60% are in the B2C segment. Performance track record In last 5 years, revenues have grown at a CAGR of 18% and profits at 8%. … Read more

Key Notes on Gensol Enginneering

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

Key Notes on V-Guard Industries

February 1, 2024 V-Guard is a Kochi based company, founded in 1977 to manufacture and market Voltage stabilizers. The Company has since then established a strong brand name and aggressively diversified to become a multi-product Company. 27-28% of Company’s total revenues come from wire segment alone. Non-South markets contributed to 45.6% of total revenues in … Read more

Key Notes on Shalby

February 10, 2024 Key business highlights Hospitals contribute around 92% of Shalby’s total revenues. Occupancy is around 47% during Q3FY24 Arthoplasty though declining, continues to be the biggest contributor in the hospital business at 38% during the quarter. 24% hospital’s revenues are from Government. Balance from insurance and self pay. Franchise and implant business being … Read more

Key Notes on Uniparts India

February 8, 2024 Supplier of systems and components for the off-highway vehicles (‘OHV’). Products include 3 Point Linkage (3PL) for tractors (allows for quick and easy attachment and detachment of implements) and Precision Machined Parts for use in construction machinery, equipment, and structures 56% revenues are from 3PLs and 40% from PMPs 85% revenues are … Read more

Key Notes on Saregama

February 9, 2024 Businesses include IP offerings across media channels (music, films, web series, short-format and TV serials), delivery platforms (digital and physical) and business models (licensing, advertising and retail). Business focus is to create IP and monetize the IP Performance track record In last 10 years, revenues have grown at a CAGR of 15% … Read more

Key Notes on Mayur Uniquoters

February 8, 2024 A large organised player (leader) in the synthetic/ artificial leather industry in India. Diversified clientele across various industries. End customers include Maruti Suzuki, Tata Motors, Mahindra & Mahindra, MG Motors, Honda Motorcycles, Bata, Relaxo, VKC, Paragon, Baggit, etc. revenue split – In FY 21, 31% from footwear, 21% from automobile replacement, 15% … Read more