Guess the company?
The company is in SME segment and a contract manufacturer of kitchen appliances. Also, the company remains the best proxy to play the China+1 theme in India.
The company is in SME segment and a contract manufacturer of kitchen appliances. Also, the company remains the best proxy to play the China+1 theme in India.
Company's Vision
The company has established it's manufacturing foot prints with a belief that Kitchen appliances like Chimneys, Hobs, Dish Washer etc. would be indigenously manufactured in India. The company's plan is to play a significant role in that in future.
The company has established it's manufacturing foot prints with a belief that Kitchen appliances like Chimneys, Hobs, Dish Washer etc. would be indigenously manufactured in India. The company's plan is to play a significant role in that in future.
Reduced dependency on China
The company earlier used to import 50-60% of it's raw materials from China which significantly reduced to 2-3% only over the last one year. The raw materials are now available at much lower cost and lead time.
The company earlier used to import 50-60% of it's raw materials from China which significantly reduced to 2-3% only over the last one year. The raw materials are now available at much lower cost and lead time.
Contd.
All this would only help them in improving the efficiency of working capital management and reducing the overall cost of their products making it more competitive to imported products, both in terms of prices and quality.
All this would only help them in improving the efficiency of working capital management and reducing the overall cost of their products making it more competitive to imported products, both in terms of prices and quality.
Biggest Inflection Point
Covid is probably the biggest inflection point for the company. Initiatives like 'Atmanirbhar Bharat' & 'Make in India' has created a big change in mindset and increased the demand for local products over imported products.
Covid is probably the biggest inflection point for the company. Initiatives like 'Atmanirbhar Bharat' & 'Make in India' has created a big change in mindset and increased the demand for local products over imported products.
Company Update
The company recently said in a statement,
"There are decades where nothing happens and there are weeks where decades happen.
For us the above moment has come. We are sure that we will be delivering what we have promised to in weeks to come"
The company recently said in a statement,
"There are decades where nothing happens and there are weeks where decades happen.
For us the above moment has come. We are sure that we will be delivering what we have promised to in weeks to come"
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