ADD-SHOP PROMOTION-
Current Market Cap Rs 110 Cr.
FY 23 DATA
Revenue Rs 200 Cr
EBITDA Rs 28 Cr
Margin 15%
PAT Rs 19 Cr
Add Shop Retail sales in growing since last 3 years. Margin is also good. Add Shop retail sell - one promoter held company products through listed entity.
Current Products are Herbal Products for daily used and Herbal Medicines for all age group.
In August they entered in FMCG business and they launched 3 products of Tea, Coffee & Green Tea. In latest interview MD- said products can increased to 1200 products going forward as per need & demand of customers.
Currently more than 1,40,000 Business Associates & 2,300 Franchise across India.
New R&D Facility is established by Promoter held entity for new products R&D.
Company is available at 5 PE.
In last two years 18 PE shrink to 5 PE. but now as company will expand in FMCG Business &
Ayurvedic Medicine Business will grow . PE should rerate at least to 10.
This is my personal view .
||Mar 2016|Mar 2017|Mar 2018|Mar 2019|Mar 2020|Mar 2021|Mar 2022|Mar 2023
|Sales +|2|5|12|22|37|78|156|200|
|Expenses +|2|4|12|21|35|67|131|171|
|Operating Profit|0|0|0|2|3|11|25|29|28|
|OPM %|2%|5%|3%|8%|7%|15%|16%|15%|
|Profit before tax|0|0|0|1|2|10|23|27|27|
|Tax %|100%|33%|28%|27%|30%|25%|19%|30%||
|Net Profit +|0|0|0|1|1|8|19|19|18|
|EPS in Rs|||2.56|0.23|0.31|1.99|4.96|6.77|6.53|
Please do your own research before investing.