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

Key Notes on Vimta Labs

February 1, 2024 Business areas contract research for clinical research and pre-clinical studies quality and safety testing for food and beverage industries newly launched electronics and electrical products testing services during Q4 of FY22 26% exports revenues and 74% domestic Performance track record Revenues increased at a CAGR of 11% and profits at 27% in … Read more

Key Notes on CCL Products

January 6, 2024 CCL predominantly sells coffee in bulk to resellers. However, the company has been focusing on increasing share of small packs sold directly to customers (Continental Brand). In 1st 9 months, domestic business contributed 12% to sales and balance was exports 60% of domestic business was branded and balance B2B Target of Rs … Read more

Key Notes on Avanti Feeds

February 14, 2024 Decent Q3FY24 quarter. No additional observations. November 18, 2023 US demand is improving after almost 13 months. Outlook looks good. However, pricing continues to remain under pressure. Company is facing intense competition especially from Ecuador. Ecuador focuses mostly on the commoditised products. Avanti’s strategy is to offer more of value added products … Read more

Key Notes on Petronet LNG

January 30, 2024 Use or pay charges receivable for year 2021 and 2022 – management has entered into an in-principle arrangement with defaulters to bring in additional volumes over 2024 and 2025 and then old charges may be waived off. As a security, bank guarantee will be taken to secure the penal charges. documentation and … Read more

Key Notes on Hindustan Foods

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