Little surprised with the recent selling activity by the promoter however i am very optimistic about its future plans.Have gone through the recent credit report and annual report,the outlook of the company appears to be very strong.it is focusing on new products and new markets.valuation seems to be in the comfort zone.May be the promoter is trying to encash little portion of his holding as the company has given superb returns so far.
Disclaimer:i am invested in this co.

Concall notes(Q1 FY 2024)

today

concall notes:
-India rigid plastic packaging market is expected to reach $18.02 billion by 2027 growing at a CAGR
of 8.01% from $11.55 billion in 2021.
-hospital furniture is another lucrative growth area.The growth prospects are bright with many new hospital facilities are
coming up and the government’s thirst on medical facilities as well
-Revenue:packaging 84.68%,hospital furniture7.51% and infrastructure furniture 7.82%.
-company’s plant operated at an average capacity utilization of around
approximately 70% plus on installed capacity of 25,000 metric tonnes per annum
-past quarters we are not able to maintain the expected profitability, the
cost pressure has been continuously weighing on our bottom line
-raw material 60% from imports and rest is domestic.
-Co. can’t substitute costly raw material with the Indian material so basically out of 60%,40% material is a compulsory material where we are buying from some other countries because India is not manufacturing that particular grade. They are forced to depend on the import.
-competitors facing same issue but still sell at lower price as compared to this co. hence the co. is facing pressure.
-EBIDTA target is 13%, but at least they are optimistic and seeing at least 10% EBITDA margin they require this year.
-co has worked a lot on cost reduction measures hence better EBIDTA is expected
-co is planning to launch new products for better margin and demand
-added 25 new customers in last Q
-pail container business is into testing and trial and error stage but will progress soon
-co is focusing more on bottom line but yes for next 2-3 Q,revenue outlook will improve for sure
-net WC cycle is 48 days
-interest rate increased from 9.97% to 11%
-presently the co is not putting cost pressure on customers as market is bad but will do that soon
-capex will be announced soon’
-exports will start soon

Thanks a lot! Yes, I bought quite a few in 2020. Missed the March April in 2020 down time due to lack of funds but then invested quite a lot in July- Sep 2020. However, many of the companies in the portfolio I bought much earlier as well. For example, Berger Paints and First Source solutions I bought in 2014 and 2012 respectively.

Any analyst report available for the company?

Going by returns, all your stocks may have been bought at mouth watering prices, i suspect, in 2020-21. But the best thing is that you have kept them.