Adding some more inputs from today's call:
a) Out of 80cr govt of India tender they have done bid for 15 crore .They are expecting the approval/rejection of this bid within two weeks .Based on company current FY17 commitment for booked order they can only bid for 15 crore amount .
b) With existing cash of close to 17 crore they are looking for acquisition(ticket size 15 to 20 crore) or some organic growth by introducing new products .Mr Garg clearly told that he is not in favor of taking loan and doing big ticket size acquisition .He wants company to be debt free .
c) There are many orders which will auto renew in next financial year and will add to the existing order book of 40 crore .South African tender when they come for renewal in next financial year ,order book size will be 50% more than the order which they received last time .He seems quite confident of order renewal from south Africa .
d) New Lubricant jelly can contribute 7 crore to topline of Fy18 if they get enough order for it .For FY17 second half out of 46 crore pending order to execute, 2 crore contribution is from Lubricant jelly .
e) Q3 and Q4 result will be close to or better than what company delivered in Q2.
f) Many International NGOs tender bidding will happen in Q4 .
g) Currently they are at 90% capacity utilization .Capacity for female condoms can be increased from 20 million to 30 million in span of 2 months and from 20 to 40 million in span of 4 to 6 months .They will need capex of 3 crore to double there capacity .
h) They are also actively looking for outsourcing there male condom production if demand for it spikes .
Overall quite positive vibe came out from management commentary ..I expect FY17 topline in between 85-90cr and EPS of entire year somewhere around 19 .