- Consolidated revenue increased by 6% YoY in Q1 FY ’25.
- PBT and PAT increased by 29% and 22% respectively on a YoY basis.
- Margin improvement attributed to product mix, cost reduction efforts, and higher-margin export business.
- Planning to set up manufacturing facilities in Mexico with an estimated capex of INR 200 crores and capacity of 6 million meters.
- Establishing a subsidiary in Lithuania to start trading activities for the European market.
- Focusing on high-end PU materials for big brands rather than competing in the mass market.
- Shift towards non-leather products in the footwear industry, though adoption is slow in India.
- Increasing focus on R&D and innovation in the synthetic leather industry.
- Strong growth in the Indian domestic automotive OEM market.
- Increasing export opportunities, especially in the US and European markets.
- Government support for the footwear industry to boost manufacturing and exports.
- Q1 FY ’25 saw 32% export sales and 68% domestic sales.
- Export OEM sales accounted for 21% of revenue, while domestic OEM was 39-40%.
- Marine business is gradually increasing within the export general segment.
- BMW order started, expected to reach full volume of 35,000 meters per month by October/November.
- Working with big foreign brands for footwear and leather goods using PU materials.
- Underinvoicing and duty manipulation in PU imports affecting domestic market.
- Expecting at least 15% growth in export OEM business for the next 3 years.
- Overall revenue growth projection of 12-15% for FY ’25.
- Double-digit growth expected compared to FY ’24.
tment for Mexico facilities.
Posts tagged Value Pickr
Mayur Uniquoters ~ Market Leader in Indian Synthetic Leather Market (12-08-2024)
Va Tech Wabag (12-08-2024)
It’s a 7 year maintenance contract meaning 60 crores per year run rate. Will contribute only 2% to company’s topline. Hardly significant in my view.
Why dumb Mr. Index is so tough to beat? Let’s discuss it’s alpha (12-08-2024)
One big drawback/con about Index funds is that they are forced to carry the stock even if there are any adversities pertaining to discovery of fraud, Corp Gov issues. The index will take them out only after the Golden window to save is gone by then active funds would have made a swift exit, but the passive funds continue becasue it is part of index.
Fairchem Organics – Previously “Adi Finechem” (12-08-2024)
Fairchem Q1FY25 concall lasted just 9 minutes! They have made full load sample shipments of isostearic acid for customer approvals, 3-6 months approval time. So, Q3 (Dec ’24) onwards we should be seeing full shipments and I suspect decent margin expansion. No interest from investors at all. Only 1 question (good one, not for the sake of asking something) asked, ha ha! Surprised to see this.
Disc: Invested
3B Blackbio DX Ltd (12-08-2024)
https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc7df726-c8be-4989-bc5f-f52b4953c905.pdf , expansion in middle East working out well. Guided for 50% growth in UK subsidiary.
Microcap momentum portfolio (12-08-2024)
@visuarchie sir
Below stocks are below 50 DMA
NETWEB
RTNPOWER
KIRLOSENG
JYOTICNC
still do we need to consider for Momentum pf ?
I am not expert in investing , if my question is wrong please ignore it.
Rudra’s PF and Information attic (12-08-2024)
A great session from Aditya Khemka(Fund Manager, InCred AMC)
Counter Cylical Investing: https://www.youtube.com/watch?v=O9EQGCKWh_Y
Look for Sectoral Mean Reversion in terms of Price/Book
Case Study 1:
Maruti Suzuki : P/B bottoming out in FY14 and mean reversion by FY18 doing 6X in 4 years.
Case Study 2:
Ipca Labs: EPS drop and P/B bottoming in FY16 and mean reversion by FY21 returning 6X
Critical ratios to check:
P/B – As it accumulates all historical profitability across a 10-12 year cycle
EV/OCF – Ignore reported PAT and compare EV (including debt) and OCF( with realized tax payments)
ignore P/E – Accounting issues, short term fluctuations, child to parent entity tax/ESOP issues etc.
Ice make Refrigeration – Picks & shovels for cold storage infrastructure (12-08-2024)
New PUF panel plant construction work in full swing mode
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Dharmaj ready to benefit from high demand for agrochemicals (12-08-2024)
Excellent number Q1FY25.