Any information on Rajshree? All of sudden 20% spike in share price today.
I have read the AGM doc and they have mention big clients in list. Are those genuine and still serving those clients? They have mention that they have added 10-11 clients in last years. Anyone knows those names?
Any idea when the stock will be available on nse or bse without lots ? I donât have big enough portfolio to buy 5% that into rajshree⌠done with my study waiting for that lot restriction to go away I think market cap is also now sizable to move from sme to small cap?
@sahil_vi @Tar
The last date for declaring Q2 results is nov 15th ( correct me if I am wrong here ).
Does RPL need to adhere to this rule ( since it is not part of the NSE main board ) ?
Last Sep 2020 results were announced on Nov 11, 2020. Till date there is no announcement on the convening of the meeting for considering Half yearly results.
Meeting RPPL management soon. Any particular aspects of the business to be clarified?
I would ask them about
- NSE Main Listing Date
- Updates on production from new factory + utilisation
- New client addition details
- Impact of Raw Material prices on margins
- Volume/order traction since India is open now and we just went through the Diwali season (containers and other consumer packaging being their main product)
Just to add:
- Packaging products are generally bulky & require significant transportation costs. Has the shipping disruptions hit us, or our margins in H1FY21? What is the outlook for rest of the year.
- How do we plan to do exports since packaging products are bulky & transportation could significantly add to cost to end consumer.
- How is the development & commercialisation of value added products (such a barrier packaging) progressing? When can we expect significant contribution to our P&L statements to start reflecting?
When we refer to packaging industry, what we care about is rigid plastic packaging industry. For this industry, growth is likely to be quite good because of a few different factors:
- Change in packaging from cardboard/metal to plastic. plastic packaging has low market share.
- Move from unorganized & smaller players to organized, efficient, hygenic, higher quality, larger players. This industry is also very fragmented & the efficient would increase their market share.
Here is a snapshot from moldtek which is somewhat into similar industry (though they do not compete with rajshree on same set of products due to different tech & applicability of products):
Do bear in mind that moldtek focusses on IML technology & so they talk about that part of rigid packaging industry. But i think very similar factors are playing out for rajshree as well.
Disc: invested, biased.
Can you please share the concall transcript of mold-tek for this quarter?
I havenât found it anywhere
Management Q&A - Mr. Ramswaroop Thard
-Target of INR 500 cr topline by 2025 with 16-17% EBITDA margins
-Getting lot of export enquiries in last 6 months. Freight rate jump is beneficial for us - we are close than China to Middle east, Europe and east coast US therefore more cost competitive
-Injection moulding vs thermoforming - density and weight of the product matters. Amul uses us for curd container and moldtek for shrikhand container which is denser and has added weight due to sugar
-Next plant will not be in Daman. Will diversify geographically
-NSE listing in November
-Can grow upto 500 cr through internal accruals + some minor debt
-Barrier packaging is ready for commercialization. Custom built machine from SML Austria. First such machine in India. Additional delay in go live as we wanter to do barrier packaging for tubes as well.
-Not decided on further capital allocation yet. Could continue to invest in thermoforming. Might get into injection moulding to increase wallet share of existing customers. Will decide and announce by Jan 2022
-Have got CPCB certification to manufacture biodegradable packaging from polylactic acid (corn fermentation byproduct). 2.5x more expensive that normal packaging. Dont expect it to grow much in next few years. Niche market even in USA
-Pharma - we are still evaluating and planning. See lot of opportunity as PVDC blisters are phased out. Expect to add pharma customers in 1-2 years
-Wifag we only buy printing machines from but they are strategic investor. Guide us on market trends and evolution of technology.
Any tentative dates for this ?
Thatâs eye popping target.
Need to find out,
- Managements track record for right capital allocation
- Managements execution capabilities
- Are they disruptor? without that such a huge growth not possible
Disc: Not invested, in watchlist
Good top line growth. Looks like increase in price of raw materials has impacted the bottomline. EBIDTA margin is around 12%
I am still learning .Please donât mind to help me on my query. Does anyone guestimate (please write down or point to triggers âŚwhy it will match/beat) by when RPPL can match present pat margins of moldtek packaging without compromising growth?
Hi,
I have attached the snap of one of foils in the H1FY20 Investor presentation of RPPL which states the projected growth of the Rigid Packaging in India.
As per this the growth is pegged at 10-11% CAGR. So I am skeptical of the 20-25% CAGR number.
IP_FY20_H1.pdf (2.6 MB)
Disclosure: Not invested, tracking
Investor presentation for H1FY22
A much anticipated and awaited event of NSE main board migration for this company is finally here.
Disc: Top portfolio holding
Excellent news. This is a fundamentally sound company, in my view, with a lot of retail participation awaiting this listing given the lot size reduction. Lets see if this leads to some value unlocking here!