So you are somewhat right here, but additional to small market size these companies will not enter strapping is because it’s also too complex there a 100’s of combinations and styles for different products and sku’s.
The PET strap cannot hold the high temperature levels of close to 500-700 degrees of hot steel, hence there can be no replacement for steel strap in this industry
Could you tell the source for this. Thanks
They didn’t get bored, the point is there were only a few vendors and hence there can be vendor side dominance in the future, which may impact the customers. Hence they are supportive for new players wanting to come in the industry
So we need to see it like this.
- doubling capacity in December 23
- already increased the capacity of seals by 30%.
- the revenues of packaging will kick in, which are very high and long term, due to contractual nature.
- setting up office in Dubai, which will first start with trading goods and then come in with a manufacturing capacity itself. Through Dubai will get access to US and other geographies.
I don’t know what valuations are cheap if not this, the company is growing at this pace and still there is valuation comfort.
Would love to know how do you look at companies for valuations.
Could you explain this point further?
Till now the plan is to do it through internal accruals.
Also maybe you have not read my note above, because most of your pointers are repeating.
But got few interesting insights, thanks
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