Thank you so much for sharing your portfolio and providing such thoughtful analysis.
I wanted to ask for your insights regarding the Carpenter model. Do you think it has the potential to act as a strong competitive moat for Jyoti Resins, especially considering that existing or new companies could adopt a similar approach?
Additionally, how scalable do you think this model is across different regions? Are there factors that might limit its success in new markets, or could it be effectively replicated on a broader scale?
I think, big companies are doing some type of carpenter model.
However, for them , it is not possible to stretch their receivables and give high margin to dealers.
Thats how jyoti resins has penetrated existing market and made EURO as brand.
Euro has brand perception atleast in gujarat, i dont know about other states.And by this business policy, they may be successful in replicating model in other states.
And i think , to make brand is difficult task for new entrant.It is easy for b2b business.
Hope this list still holds true… now the fall has become more steep and volatility is sky high. How you are deploying money at this moment? Thanks in advance sir.
@Pragnesh thank you so much for all your input.
Jyoti Resins looks really interesting, and the stock has held up well during this small-cap carnage.
But due to these SEBI cases, I’m hesitant to make up my mind.
How comfortable are you with ignoring this and still holding the stock?
I waill update about bew engineering in step by step.
Bew engineering is leading designer and manufacturer of Pharmaceutical & Chemical plants and process equipment.
Company designs and manufactures special range of filtration, mixing and drying equipment specifically used in Pharmaceuticals, Sterile Applications, Intermediate Compounds, Fine Chemicals, Chemicals, Agro Chemicals, Pesticides, Insecticides, Dyes and Food Products.
Demand for companies products is directly related to the capex happening in the pharma and chemical sector.
Main products
ANFD(Dryer)@70%
Filter@18%
Reactor@6%
Domestic@93%
Export@7%
INDUSTRIES
Api and pharma@45%
Speciality chemical@32%
Agrochemical and pesticides@17%
Others@6%
Key competitors are HLE Glasscoat and GMM Pfaudler in the industry.
BEW Engineering focuses on process equipment, not glass lined equipments like competitors.
1…Glass lined equipments
-Gmm pfaudler
-HLE
2…Process equipment(dryer, filter)
Hle (no 1)
Bew(no 2)
Greetings, Pragnesh Bhai !
Just saw this group and I see you are from a medical background.
One company: Caplin Point Laboratories Ltd.
Take a look, you’re gonna love it
With 70% of BEW Revenues coming from Dryers in which they say about 40% Market under them.
and 81% of revenues are from Domestic Market.
Don’t you think it is a small fish in a small market ?
although there is head room to grow due to recent fall But do you see Mid/long term ?
Their 2nd facility could be key to future growth ,are you aware whether it is for Blender,Mixer,Dryer,Reactor or Filter ?
“-At present we are mainly focused on ANFD because we can make it faster in our limited production capacity
-But once new plant is estlablished, we will also focus on other products”
