Key Notes on Campus Activewear

A sports and athleisure mass market footwear brand The brand was founded in 2006 Average selling price is around Rs 650 per pair Performance track record In last 5 years, revenues have grown at a CAGR of 26% and profits at 17%. Average ROE during this period stood at 20% During last 3 years, these … Read more

Key Notes on AVT Natural Products

May 10, 2024 AVT is a part of the larger A.V. Thomas Group of companies, which has diversified business interests across agricultural commodities, tea, solvent extraction, leather, rubber and spices, among others. The Company is into the solvent extraction business It’s product portfolio comprises marigold extracts, spice oils and oleoresins (paprika, capsicum, pepper, etc) and … Read more

Key Notes on Tips Industries

April 29, 2024 Management recovers music content cost over 4-5 yrs. However, it writes off the cost in the quarter that it purchases it. Performance track record In last 10 yrs, revenues have grown at a CAGR of 9% and profits at 26%. Average ROE has been 38% during this period. With recent industry tailwinds, … Read more

Key Notes on Gateway Distriparks

February 14, 2024 Services across the value chain of multimodal logistics – rail transportation, ICD and CFS, warehousing, road transportation Network of 10 Container Terminals – 5 ICDs and 5 CFSs Rail transportation services for EXIM containers between its ICDs and the key ports of JNPT, Mundra and Pipavav with a license to operate on … Read more

Key Notes on Ugro Capital

January 24, 2024 The Company is a technology-focused small business lending platform. It was incorporated in 1993 as Chokhani Securities Ltd and was acquired and renamed as UGRO Capital Ltd in 2018 by Mr Shachindra Nath (Executive Chairman and Managing Director) who has over two decades of experience in the financial services industry. The Company … Read more

Key Notes on Jain Irrigation Systems

May 18, 2024 Continued operational improvement in Q4 FY 2024 Focus areas continue to be Expand retail business Recover outstanding govt dues and use them to reduce leverage Management expects FY 25 to be better than FY 24 and FY26 to be further better. Management as always continues to sound very bullish. Execution is where … 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