Just started looking at this – here are a few of my thoughts –
1 – The company did massive scale up between 13/18 with a CAGR of ~21% in sales and asset turns at ~5/6 times
2 – The capex plans got a little delayed and finally have come through – management expects the fully operational unit to start producing from Sep’23 / Stock halved during this period
3 – They has aspirations to deliver a billion dollar in sales in 10-15 years which translates to 32% / 21% CAGR respectively
4 – 70% of the business is outside India around the world – with Mars as the new guys, they might get a right to win in distribution
Happy to hear thoughts / feedback for folks who have tracked this
| Subscribe To Our Free Newsletter |
