Mr. Anand Deshpande (@anandesh), after completing his Ph. D. in Computer Science, quit his job at HP Labs in the USA. He returned to India in 1990.
And from there started a 30 Year Transformational Journey of Persistent Systems
A thread
1990- 2001
Persistent at that time was a technology provider for database product companies primarily in the USA and other western countries.
Milestones in 1999
~Reached 100 employees in
~Got 1st external investor in Intel 64 Fund
~Revenue crossed 10 Cr
(1/5)
2001-2008
~Innovation partner for software product companies
~Stayed away from the IT outsourcing services wave
~Focused on Outsourced Product Development
~Became a leader in this space
~Employees 1000
~Revenue crosses 100 Cr
~$18.8 Mn funding from Norwest & Gabriel
(2/5)
2009-2016
~Strategic partner to leading technology companies.
~Partnerships with IBM & Salesforce
~Product development to implementing Tech solution
~2010 IPO oversubscribed 93 times
~37 offices across 17 countries & 5 continents
~Employees 5000
~Revenue crosses 1000 Cr
(3/5)
2017 & Beyond
Digital Transformation: From helping software product or service companies, Persistent shifted to enterprises building software-driven business
Incorporated in 2003, Sula Vineyards Limited is India's largest wine producer and seller as of March 31, 2022. The company also distributes wines under a bouquet of popular brands including "RASA," "Dindori", "The source," "Satori", "Madera" & "Dia" with its flagship brand "Sula" being the "category creator" of wine in India.
Business segments
i) The production of wine, the import of wines and spirits, and the distribution of wines and spirits (the "Wine Business");
ii) The sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms (the "Wine Tourism Business")
Financial Highlights Q4FY24 and FY24
● Sula Vineyards Ltd reported Revenues for Q4FY24 of ₹117.00 Crores up from ₹110.00 Crore year on year, a rise of 6.36%.
● Total Expenses for Q4FY24 of ₹104.00 Crores up from ₹89.00 Crores year on year, a rise of 16.85%.
● Consolidated Net Profit of ₹14.00 Crores down 17.65% from ₹17.00 Crores in the same quarter of the previous year.
● The Earnings per Share is ₹1.62, down 17.35% from ₹1.96 in the same quarter of the previous year.
● For the full fiscal year FY24, the company sustained its growth trajectory.
● Own Brands Revenue for FY24 grew by 11.1% YoY to Rs. 534.2 Cr, with Elite & Premium constituting 75.2%, up by 15.5% YoY. Elite and Premium volume grew by 13.4% YoY.
● Wine Tourism revenue saw a substantial 21.7% YoY increase to Rs. 54.7 Cr, accompanied by a significant rise in Tastings across the country to 172,237, up by 29% YoY.
● The Net Revenue for FY24 reached Rs. 616.4 Cr, reflecting a 10.7% YoY increase.
● EBITDA for FY24 stood at Rs. 183.6 Cr, up by 14.1% YoY, leading to an improved EBITDA margin of 30.2%, up by 108 bps YoY.
● PAT for FY24 was Rs. 93.3 Cr, an 11.0% YoY increase, resulting in an EPS of Rs. 11.05.
At 45, six months ago, when we recommended the stock in our Small and Microcap Advisory, there were many questions.
A thread 🧵 :
1/6
Today, there's a buzz around RS Software, a micro-cap company pivotal in UPI fintech disruption. Investors are getting excited looking at the management commentary and revenue forecasts at a recently held public event.
2/6
However, there is limited availability of information on RS Software and business is quite complicated to understand.
Therefore, to educate the community on this business, we're offering our comprehensive research report, previously reserved only for our micro-cap advisory customers, completely free of charge. Link is shared at the end of this thread.
But the stupendous growth YoY just proves one point.
"Convenience & Experience" matter more than anything to us.
More so when it comes to our eating habits.
Devyani International [FY23 AR Notes]
Let’s go!
Before we go to the notes from the FY23 AR, let us tell you that we did a deep dive on the QSR space in our 12th and 13th MissioN SMILE webinars in February and March, 2022 respectively.
If you wish to access the recording of our deep dive on the QSR space, become a MissioN SMILE member.
Before we go to the key takeaway from the FY23 AR, let us tell you that we did a deep dive on Apcotex on our 1st MissioN SMILE webinar on 28th February 2021.
The share price was 175 at that time. What a journey it has had since then.
If you wish to access the recording of our deep dive on Apcotex, become a MissioN SMILE member.
"Uber is a fraud & we don't work with them. We're not registered on Uber unlike what they claim in their ARs & advertisements."
Tingo's story has that element & much more.
Top 10 learnings! 🙂👇
We're going to dissect this case & try to derive learnings which we as mango investors can incorporate.
HQ in New Jersey, Tingo has several businesses focused on providing mobile phones, food processing and an online food marketplace for farmers primarily located in Nigeria.
The new report is a revelation in terms of doing deep research on the promoter & management team.