Posts in category All News
Mann ki Baat: PM Modi thanks voters, EC for Lok Sabha Polls (30-06-2024)
Sirca Paints India Limited (30-06-2024)
Sirca Paints had recently conducted a Investor conference on 22nd May 2024, key insights are as below:-
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Acquisition of New Wembley Products LLP (Under the brand name - Welcome) - On 21st May 2024 Sirca paints had acquired ‘Welcome brand’ for 20 crores. New Wembley products LLP is well known in Delhi NCR region and one of the emerging Thinner/Reducer manufacturer. The acquisition includes business undertaking, pertaining to sale and distribution of Products including technical know-how, all intellectual property rights. For FY24, Welcome brand reported a topline of 50 crores with 14% EBITDA margin. Sirca Paints aims to double the topline of 'Welcome band ’ in next year and improve the margins as well.
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Joint Venture with OIKOS Italy (JV share of Sirca 51:49) manufacture of high quality decorative paints. The production will start late June onwards and the company expects to generate modest 12-15 crores of revenue for the whole year. CAPEX of 10 crores will be made from internal accruals for producing OIKOS products. However this brand compliments Sirca products and it is not available in the Indian markets. The company expects to scale this segment of decorative paints very fast in the next 2 years and can contribute 200 crores of topline from present topline of 24 crores in FY 24.
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New geographies - Sirca paints have started to strengthen its retail networks in East, West and South regions as well. They have started to establish networks in cities in like Kolkata, Ahmedabad, Surat, Hyderabad, Bangalore and Chennai. They expect to add 50 retailers in each region this year.
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Middle east Export market - They have already sent there products for testing in Dubai, Saudi and some part of Europe and they expect some live action to happen in Quarter 2 particularly for Dubai region.
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Manufacturing capabilities - After receiving the license for manufacturing in November 2023 from Sirca Italy, production went live in full swing from January 2024 the utilization stands at nearly 50%. The company expects the utilization to hit 90% in next 1-1.5 years.
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Revenue and margin guidance - For FY 25 company expects at least 40% growth in topline followed by 25-30% growth over next 2-3 years. The margins should be in the range of 20-23%
Roto Pumps – Fluid Engineering Company (30-06-2024)
Highlighted above…
Roto Pumps – Fluid Engineering Company (30-06-2024)
Company consistently maintained average margin of 24% over last 4 year and as per my observation it will operate in similar type of margin ahead might be my view on margin wrong …
West Bengal Governor CV Ananda Bose warns of state’s financial breakdown (30-06-2024)
Decision to implement new criminal laws taken in haste: Congress leader Adhir Ranjan Chowdhury (30-06-2024)
Roto Pumps – Fluid Engineering Company (30-06-2024)
Any insights we may have on anticipated top-line growth and expected margins for new products.