Tarsons 39th AGM :
We serve multiple industries and a brand in life sciences space.
IPO subscribed 77 times.
FY2022 :
48% EBITDA growth
33% revenue growth
We have been able to surpass industry growth. We are focussed on cost reduction to maintain margins.
We have goodwill with distributors
we will report satisfactory results in months to come.
Manufacturing capacity up due to increased demand. In line with expanding portfolio, 5 acres in panchla, fulfillment centre in Amta.
Achieve long term value to all stakeholders
Q&A :
We are developing 2 new facilities (Panchla 5 acres Q1FY24 commence, Amta (state of art fullfilment centre, getting sterilization in-house). Various new products at these facilities. Will keep us in good growth in next 5-7 years.
Amta : 75% of facility will be fulfillment centre, radiation plant for sterilization to save cost and time.
Develop bio process facilities at Amta in future.
Dividend : Capex using funds, will benefit to co. in long term hence no dividend declared. In coming year, will consider.
Penetration in overseas market :
As of today, 33% exports. We are just a decade old in export market.
Lost manpower due to accident ? Our safety norms are upto the mark, we have not had accidents at any plants.
Company : 3.31 crores in CSR Masks to Tata medical, Narayan hru, Local areas.
R&D allocation : no RD directly. Currently since inception till now, captured in project cost, manufacturing stakeholders joint projects (mould
Last 2 RD : we have 10 people add to 30-35 people.
RD budget < 1% now.
At peak 2-2.5% of revenue.
1700SKUs spread 65 machines, 500 moulds. We cant comment on exact capacity utilisation.
25% of products : we are back ordered. Facilities for this
2nd 25% of products : 75% utilisation.
Last 50% product : 65% utilisation.
Imported RM : 2/3rd material, rest locally.
IT Capex : 70-80 lacs, implemented SAP
Power expense : Today all plants using traditional. We manufacture plastic products we will look at sustainability. New plants will have 25% dependance on salar power.
Next 5 years, 2 facilities massive expansion, focus will be executing and delivering. Capacity is consumed. Post then new capex.
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