Mayur Uniquoters ~ Market Leader in Indian Synthetic Leather Market

Very bullish commentary again from management, notes below

09.03.2023 (CNBC)

• Expect 750 cr. sales in FY23 and 1100 cr. by FY25
• Aims to double its exports. It has also bagged an order from BMW in South Africa
• Volumes will expand from 247 lakhs in FY22 to 278 lakhs in FY23
• Started supplies to several automotive projects to OEMs in export market
• Auto OEM export volumes: FY23: 18.5 lakhs; FY24: 36 lakhs, FY25: 45 lakhs (confirmed orders)
• Capacity utilization is 70-75%

Disclosure: Not invested (no transactions in last-30 day)