A very informative interview by the promoter of Virtuoso – Mr.Sukrit Bharati.
Virtuoso Optoelectronics – Finterest Conclave
The company is an OEM contract manufacturer of ACs for Voltas (75% of topline) and into lighting and EMS segments as well (OEM and ODM).
It expects to generate sales of 325-350 crs in FY23 and 500-550 cr in FY24. Further it did capex of 35-40 cr this year and expects to do capex of 40 cr next year as well.
Expected margins in the range of 7-9% in short term due to more sales coming from lower value added ODU products and long term looking at blended EBITDA margin range of 8-12%.
As per his interviews – Company is conservatively looking at 1000 cr revenue by FY26 and optimistically by FY25.
The comapny exclusively supplies ACs to Voltas (75% of topline). As a business I believe it is a sensible way to increase your presence in contract manufacturing but as an investor, I have personally faced this one customer risk one too many times to currently be interested in this company. For this reason, it didn’t seem that attractive of an opportunity to me.
I am updating this information as I found the video useful for the ones who want to track this company.
Disc. – Not Invested.
| Subscribe To Our Free Newsletter |
