Alkosign – A market leader in white boards and school furniture entering hard luggage market

As of now, the segment breakup information remains undisclosed. The company recently listed on the SME, resulting in limited available data. However, apart from inventory adjustments as disclosed in results pdf, preliminary market research suggests a sales mix comprising high-margin products, notably key cabinets (gaining volumes as offices reopened since the work-from-home trend ended and it’s a corporate product) and its proprietary line of luggage, manufactured in-house. These margins are not going to be sustainable once contract manufacturing business picks up, however as the founder claimed it will help them touch 100 cr sales this year itself i.e 80 cr in H2, so even a 12-14% ebita margin instead of current 40% could lead to decent EPS.