Thanks Maninder.
“Commencement of a new water park, Aquamagicaa, in Surat, in record turnaround time.” . Any idea when this is opening ?
Hello, as per my understanding- it’s already operational.
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AGM Notes 2022-23
Opening Remark:
- Company is now debt-free.
- Achieved the highest-ever revenue of ₹250 crore and ₹100 crore EBITDA.
- Opened a new location, Aquaimagicaa, in Surat.
- Attracted 11 million visitors (footfall) in FY2023.
- Expansion plans include adding 6 water rides to Imagicaa, a large banquet facility, and introducing a new fountain show for visitors at Imagicaa.
- Initiating the setup of a captive solar plant.
Q&A Session:
- Capex (capital expenditure) for the solar park is approximately ₹44 crore.
- Q1 (first quarter) performance is seasonal due to winter.
- Company is looking to expand in North India through organic and inorganic growth strategies.
- Aquaimagicaa in Surat achieved ₹11 crore EBITDA in Q1.
- NPA (Non-Performing Asset) default curve is fully addressed.
- Commenting on the merger or acquisition of WetNjoy and Imagicaa is too early at this stage.
- The company plans to add 2 to 3 parks within the next 5 to 7 years to Imagicaa.
- Negative depreciation is observed due to net impact (annual depreciation is ₹90 crore, with a reversal of ₹140 crore for impairment, resulting in a net impact of -₹51 crore).
- The company has added a water fountain show at night, enhancing the visitor experience.
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Hi Has anyone figured out what is the expected share count post conversation of warrants of promoter and others?. Screener gives 48 CR shares so cash flow per share considering normalized tax of 25 % should be 1.53 and with 25 multiple stocks should be valued at 38.
There will also be maintenance capex any one do any maths on the same? as I guess no maintenance would have been done in the last 3 years.