Disclosure : Invested. will add more on correction.
Mcp: INR 200 cr ; Debit: INR 130 cr odd
Gugram based: Bed capacity 350 + 144 in capex should be on stream in next 12 months.
*Current earnings… Q2 improved: INR 92 cr topline… 15 cr odd EBITDA.
- Current runrate INR 400 cr topline 60 cr EBITDA: available at 5x EV/EBITDA
*Can easily do INR 700-750 cr topline in next 3 years with INR 100 cr+ EBITDA… This is INR 50-55k/bed mkt
#promoters are Apollo tyre group ( 
) … surprising
75% odd with them
Challenges:
highly competitive mkt… apollo, max,fortis,aiims all heavy weights present there
less efficient vs Kovai
utilisation levels are crucial
Please help with any views.
Best
manan
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