Important Notes from May 2023 concall:
a. FY’24 revenues will be largely from the existing product basket, plus HALS 770 and 701 (current capacity: 15,000 tons per annum)
b. FY’25 is when HALS will start to kick in and will ramp up over the next three years.
c. It will take some time to get new customers for HALS and start meaningful revenue.
d. They are also developing some new chemicals. Some of them are into performance chemical category. Some will go into water treatment chemicals; some in pharma and remedials.
e. These new products will start contributing from mid FY’25
As per my understanding things will start to get exciting from June, 2024. Till then, they are undergoing capex and adding new clients. But, market might start discounting these numbers in share price earlier.
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