Rupa is one of the leading Knitwear brands in India. They cover the entire range of knitted garments from comfort innerwear to cool casual wear. It all started as a dream of three farsighted visionary men who changed the face of the hosiery business in India.
Today, Rupa has evolved to become the frontrunner in the innerwear & outerwear business in India and also a leading brand in global markets with millions of satisfied customers.
Financial Summary -
Q3 FY22 (YoY)
Revenue were at ₹433 Cr ⬆️25%
EBITDA at ₹81 Cr ⬆️ 26%
PAT at ₹58 Cr ⬆️ 34%
Rupa has diversified product offering across demographics, categories & price segments.
Acquired exclusive license from "FCUK" & "Fruit of the Loom", to develop, manufacture, market & sale for innerwear products of the respective brands in India.
Indian innerwear industry -
🇮🇳 Innerwear Market was valued at ₹320 billion in 2018 & expected to grow at 11% CAGR over the next decade to reach ₹897 billion by 2028E. In the past, innerwear was depicted as a mere essential ‘commodity’ but now it turned into fashion statement.
Men Innerwear Market was valued at ₹110 billion in 2018 is expected to grow at a CAGR of 7% over the next decade to reach ₹218 billion by 2028.
Women Innerwear Market was valued at ₹210 billion in 2018 & expected to growth at 13% to reach ₹680 billion by 2028.
Growth Triggers -
• Aim to increase share in premium & super premium category.
• Company is looking to increase revenue share in leggings segment which currently 20-25% of women’s wear revenue.
• Enhance brand visibility through increasing online presence through ‘Rupa online store’ & other e-players like Amazon, Flipkart & Myntra.
• Focus to double exports and tap new geographies in the next 2yrs.
• Moving from wholesale distrioution
channel to direct for some products.
• Plan to cross ₹200 Cr of Thermal wear revenue in next 2yrs.
Risks -
• Significant increase in raw material cost can negatively impacted the margins.
• Inability to consistently expand.
• Changing consumer behavior.
• Emerging multi-national brands & their entry to the Indian market.
Conclusion -
Going ahead, Rupa to report healthy revenue with margins likely to remain stable. Improving working capital cycle, asset light model augur well for strong balance sheet position & with RoCE of 25%+, the re-rating looks certain.
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Motherson is one of the world’s largest manufacturers of components for the automotive and transport industries. With a diverse global customer base of nearly all leading automobile manufacturers
globally, the co has a presence in 36 countries across six continents.
Financial Summary -
Q3 FY22 (YoY)
Revenue were at ₹ 16240 Cr.⬇️5%
PAT at ₹ 245 Cr.⬇️69%
EPS at ₹ 0.8 ⬇️69%
Balrampur Chini Mills got founded in 1975, is one of the largest sugar manufacturing company in India. It's one of the first sugar companies in the country to diversify its business from sugar to distillery & cogeneration.
With deep & profound sectorial understanding their innovative approach to manufacturing has enabled them to successfully create a wide range of by-products ranging from Molasses, Alcohol, Ethanol & Bagasse to Power Generation.
APL Apollo Tubes Limited is India’s largest Structural Steel Tubing Company with an extremely strong local presencedia, extensive distribution network & ,world class quality. With a capacity to produce 2.6 Million Tonnes per annum,Co is the largest producer of
Structural Steel Tubes in India.
Financial Summary -
Q3FY22 (YoY)
Revenue at Rs 3238cr ⬆️24%
PAT at Rs 116cr ⬇️ 12.4%
EPS at Rs 4.6 ⬇️13%
In the early years of the great Indian economic liberalisation when India had stepped on the economic accelerator Padma Shri Rajinder Gupta, sowed the first seeds of industry on the fertile lands of Punjab. It was the birth of Trident Group.
Today Trident have become the largest manufacturer of terry towels & one of the largest integrated home textile mfg. in the world.
They have travelled far beyond being a home textile manufacturer, by successfully diversifying into paper, chemicals, energy & more.
Tata Elxsi is amongst the world’s leading providers of design & technology services for product engineering & solutions across industries including Broadcast, Communications & Automotive sectors. The co provides product design & engineering services & systems
integration & support services in India, the US, Europe, & Rest of the World. The co also provides solutions & services for emerging technologies such as Internet of Things (IoT), big data analytics, cloud, mobility, virtual reality & artificial intelligence.
Happiest Minds Technologies Ltd is a Bangalore based IT service provider, which provides end-to-end solutions in the digital space. Co has 148 active customers in countries like US, UK, Australia, Canada and the Middle East. Founder of the co is Mr Ashok Soota.
Financial Summary -
Q3FY22 (YoY)
Revenue at Rs 292cr ⬆️45%
PAT at Rs 49cr ⬆️16%
EPS at Rs 3.4 ⬆️ 17%