Good set of results from the company, they have maintained 60 cr.+ quarterly revenue runrate and are confident of growing topline by 20%+ in FY22. After that, they are aspiring for 15-20% revenue growth. Here are my notes from the concall.
- Strengthened market share in building material segment and got new customers in dairy foods division
- Got FDA approval for masks division; Currently this division is doing 2-2.5 cr. monthly revenues. Will look at supplying to US customers. Don’t have clear visibility on growth as it is very covid wave specific. Don’t need any further capex for ramping up mask division
- Sold ~2100 printers in 9MFY22, looking to reach 3000 this years
- Have lower market share in packaging side compared to industrial side. Packaging is also bigger in terms of market size than industrial and has a more diverse mix of printers. Slowly gaining market share on packaging side because of new printers launched in the last 3 years which was not company’s specialization before
- On line for 20% sales growth in FY22, after that aspire to grow sales at 15-20%
- Guwahati consumable capacity utilization is 50-55%, capacity was built keep a long term demand in focus
Disclosure: Invested (position size here)