Krishca today investor meeting notes:
1/ Co has won multiple packing contracts in last 2 weeks. Expects 10-15 crs contribution from packing contracts in FY24. Already hired an experienced industry leader to head packing contracts business. Packing contracts will have same margins as strappings
2/ Upcoming strapping capex is funded by internal accruals. They may look for preferrential equity raise to fund Dubai capex in future
3/ Guiding for 40% growth on conservative basis for next 2 years
4/ Promoter clarified that they gave pre ipo stake at cheaper valuation to a strategic investor. This makes sense as the growth in revenues were 4x within an year (18cr to 72cr) once the investor got on board
5/ promoter mentioned that their business is niche and any new player will take atleast 2 years to get approvals and quality control from clients
Call was attended by multiple fellow valuepickrs @ayushmit @DEBASHISH @Rahil_Dasani etc
| Subscribe To Our Free Newsletter |
