I basically did read this company as part of understanding the Medical device segment in India. There are 100% FDI, PLI and Government intent to get medical devices manufactured in India but as of now India produces low value commodity products in India and the rest are distributed by importing.
My understanding of the company is as follow
- Company is the distributor for the foreign products – new and refurbished.
- They do few assemblies in India but no value-added manufacturing.
I did not dive deep into the company as I could not find any attractiveness in its business – they are one among the distributors and products they sell do have a lot of players in the market.
In case you are checking in more detail do check if they are planning to enter move value added manufacturing in coming years.
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