Anant, if you look at the P&L, there are 3 main cost items for this company namely, raw material, employees and power cost. Raw material costing I believe is same for everyone (size could play some role, but broadly same). Employee cost and power cost is where one can save money if the machine can make higher number of capsules per day. Employee cost will provide the maximum operating leverage, and power cost to some extent.
This I believe exactly what is playing when the operating margins move up from ~9-10% to ~20-21%. Earlier like everyone they also had machines making ~2 mn capsules per day. But due to its R&D efforts they have been able to get machines making ~5 mn capsules per day. And that has made all the difference.
Apart from that, consistent quality, desired volumes and lowest cost are the basic hygiene factors that every company need to follow.
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