| – | Quarterly threshold of Rs. 800+ mn revenue crossed during the fourth quarter. |
|---|---|
| – | Consumables sales continued to be steady leading to overall EBITDA margins above 23.7% during the quarter and 25.5% for the year. |
| – | Building Material sectors has continued to see growing traction as infrastructure is promoted very highly. |
| – | Gross margins maintained above 60%. |
| – | Increase in share of revenue from consumables and focus on capturing larger market share with increasing installed set of printers. |
| – | New launches and demand from the replacement market would also be key growth drivers in the coming period. |
| – | The installed base of printers is currently at 17000+ against 16000+ as of December 2022. The company sold 950+ printers during Q4FY23 against 800+ printers in Q3FY23 and 675+ printers in Q2FY23. |
| – | Consumables segment contributes 55-60% of sales while the printers segment contributes 15-20% of sales and the balance is contributed by the services & spares segment. |
| – | Capacity utilization has been more than 60% for consumables segment. |
| – | 10% growth for consumables is easily achievable. |
| – | New products are being introduced for industrial and non-industrial verticals. These are specialized printing products, e.g. customized products with the plywood sector to give better branding (track & trace for other sectors). Currently at nascent stage |
| – | ICICI Direct suggests a BUY with TP of Rs. 690. FY24 EPS is suggested at 39.2 and revenue at 348 cr. |
| Subscribe To Our Free Newsletter |
