Some interesting observations from yesterday concall
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As of now prevest doing 20 crores (approximate) sales in domestic market. As per management domestic market size for them seems nearly 1000 crores. so they have roughly 2% market share. During Yesterday concall atul modi said they are targeting 4% domestic market share in this year. So it translates around 40 crores on domestic perspective only. Whether management capable of doing that? Let see
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Regarding new plant products (disinfectants, mouth wash etc) management said they are more margin products compared to current products. More than 40%. Quite surprising to me.
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Management said they are working for 2 new sellers in usa for contract manufacturing. As of now trial orders going on. Management waiting for their response. My biggest concern is on export market. from last few years they are heavily working on export biz, but still not any decent orders coming. needs to track usa business…
As per management assumption they are conservative looking for to cross 67 or 68 crores odd sales in this year. But if they crack on domestic market i think 75 odds crores is possible too…
Disclaimer : Invested and biased
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