Some interesting recent updates:
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Company is planning to issue warrants and as per their latest credit rating report equity infusion of 221 crore may be infuse in future. EGM has held for the same.
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Volume growth is not coming but focusing more on VAP hence margin will shoot up. Perfect proxy to play beverages industry tailwinds, Coco-Cola and Pepsi both are focusing on juice segment to fuel their future growth pulp is main raw material for it and that’s where Food and Inns comes.
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Company does not have pricing power as competition and that’s why margin is in 8-9% in last 2-3 years. But in their latest IP they have hinted for margin expansion due to VAP contribution, focusing on asset light model and focusing on non- peak season products.
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Interestingly in FY23 they have achieved sales of 454CR in 6 months of FY23, this is expected to increase further with more capacity coming up in future.
Edit:
Preferential allotment has done today to non promoter entities
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