Hi, I like to start a thread to this new company which I just started accumulating for some quite reason.
About the company
The Company is an importer and distributor of Baby and Mother care products, Skin care products, Food products, etc. across India.
The company deals in brands like Pigeon, Mustela, Mothercare, Nuby, Kimball, Pepsodent, Trisa, Baby Dove, Suave Kids, Delight Nuts, Graco, Nongshim, Hellmann, Real Thai, Raavi.
These are some well-known Brand names in the world.
The Company has a network of 235 distributors across India. The company’s sales network caters through its depots in Delhi, Maharashtra,
West Bengal and Uttar Pradesh.
Why do I love this company?
- They are doing a massive capex of almost 15.49 crores (the Companies Market Cap is just 38Cr) which is almost 45% of their Market Cap. They are putting a plant in Uttarakhand, for manufacturing wafer sticks in Himalayan Mega Food Park and they are getting a grant-in-aid of 4.75 crores from the government. It will come with an installed capacity of 900MT. The company expects the unit to commence by the 1st of April,2024.
- They are trading at 0.5 times their sales
- In the last three years, sales have grown by 24%, and PAT at 130%.
- Their thin margins of 3.65% have grown to 5.65% and they will rise more in the coming days.
- Promoters Holdings is more than 52% and keep on rising QoQ.
Only Concern
- How they will make this margins big?
- When they will bring this wafers on board?
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