Thanks @nityanandparab. I agree with you. I do not see 10x returns from this stock especially because of the consumers they cater to. As far as my understanding goes, their main clients are NGOs and other Government organizations which is risky and difficult to verify. How prevalent are they in the retail market? I saw they sell on Amazon and Flipkart but they do not focus much on the domestic market which they claim is the largest market. Why have they not been advertising their brand? I think they can position this product very well in the domestic market by advertising. For eg. Emami positioned fair and handsome perfectly and took away the market. I am sure there is not much difference between Fair and Lovely and Fair and Handsome. They just advertised brilliantly. I dont see any advertisements for female condoms and I believe the company that starts advertising first will occupy the consumers mindshare.
Honestly, 3-4x over a period of 4 years is good enough return for me. But I believe, that there can be a lot more potential for growth. I will arrange a meeting with the management and would like to understand his thoughts.
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