Result snapshot
Revenue + 32%
Marings down to 8% (vs 9% last year)
EBITDA +16%
PAT +22%
EPS +12%
Good results by Ratnaveer.
In the AR management guided for 730cr revenue and 84cr EBITDA.
In the first three quarters itself company has done 690cr of revenue and 70cr EBITDA. In all probability company will likely do ~900cr revenue and 90-95cr EBITDA clearly beating their own guidance.
Disc: Invested.
2 Likes
Why does this company have very high inventory days? Isn’t it a red flag or is this common among competitors?(If yes please name the similar competitors )
Thank you
Hello everyone,
I am new to this thread.
Could anyone make me understand what’s the moat in their product?
Why Is Mr Market ignoring what seems to be a bit fair valued? Seems like they will exceed guidance?
Would like to increase holdings - but feel I may be off in the study as it seems at a too good to be true type of price.
Disc- tracking position taken a few weeks ago.
As per the FY25 investors presentation/ earnings release report dated 14.05.2025, the management says that once both the capex plans become fully operational, Company expects to achieve topline of Rs. 1600 Crs in next 2-3 years with significant improvement in bottom line with EBITDA at 13% & PAT at 8.5%.
And presently, Rs. 232 crore orderbook is to be executed in 3 4 months.
7 Likes
Ratnaveer successfully raised ~185cr through QIP that includes a mix of domestic and foreign investors. This comes after the Q2FY25 concall where management had suggested a fund raise that might even continue next year through a warrant issue. Fund raise is mainly for a new business vertical Coper Clad Laminates where company wants to get a first mover advantage. It is a raw material for PCB’s so applications include electronics, semiconductors, automobiles to name a few.
2 Likes
IPO in 2023 at Rs 98. (including OFS by promoter)
2026 - promoters buying through QIP at ~145. Institutional investors also participated in QIP in Dec 25.
Does it mean promoters made mistake by selling in IPO?
1 Like