OneSource credit rating report dated 25th Jul, 2024.
202407130742_OneSource_Specialty_Pharma_Limited.pdf (careratings.com)
Few interesting points -
- Stelis achieved sales of 173cr in FY24 compared to 40cr in FY23.
- Stelis achieved EBITDA breakeven for the first time in Q4 FY24.
- Stelis achieved sales of 78cr achieved with EBITDA of 9cr in Q1 FY25 with margins of 12%.
- Stelis’ order book as on Jun 30, 2024, is around 33mn $ (~270cr) with around 83cr advances received.
- Stelis’ sales is expected to be around 250-350cr in FY25.
- There are plans to raise equity in OneSource prior to listing.
There are few well known negative points which are also covered like - inventory write off for Sputnik vaccine, contingent liability linked to that, corporate guarantee & pledging in Strides to support OneSource.
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