Hi Vivek ,
I attended Kaveri AGM .
I was tracking only main thread but happened to see this thread on Kaveri after AGM.
Some of your questions addressed in AGM QA.
Q1.How big is threat from price control from State govt on line of Maha Govt
Less, May be they bring back to the MRP Rs 900.
Q2 Not discussed.
Q3 What are the chance of increase in cotton acreage for next season?
Not discussed. But company is targeting to sell 90L packets for next season.
4) How big is the threat from CICR new BT cotton included seed expected to be available @150 vs 900 .can it be reused next year also?
Not discussed.
5) Will dumping by your competitors stop & steps u retaking to mitigate it?
One of the MD was saying this is always there in the market, best seed survives.
6) How is the threat from new Bayer new seed First Class?
Not discussed.
7)r u developing new seed which r more drought resistant & how to cope with monsoon vagaries?
Company New Hybrid ‘Three-by-One’.
8) how r u reducing dependency on cotton seeds?
Looking for acquisition in vegetable seed sector and it is the reason that they are holding the cash.
As per company Vegetable seed sector is one of fastest growing market and they are cognizant of the high cash on books.
Q2,Q4,Q6 not covered as part of QA.
(I urge VP admin to unlock the main thread, if they are done with the required
Clean-up/Maintenance).
Other updates
Company is going to consider Buyback
Toughest Year in career of Chairman(35 yrs exp, comments made on monsoon pattern and two consecutive droughts )
May not continue with Cash and Carry next season.
Monsoon was not good in Kaveri strongholds ( Regions :Rayalaseema ,Karnataka) this year. Though some parts
are now recovered, it may be helpful only in Rabi crop.
Company reached saturation of 75% penetration in some regions like AP, Telangana and Karnataka,next leg of growth can only come from Gujarat and Maharashtra.
Company has around 12-13% market share this year.I am attaching Chairman’s speech for more details.Kaveri Seeds_Chairman speech.pdf (1.8 MB)
Disclaimer :Invested
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