Thread by @sovrennofficial

#PartyCruisers, Event experts for weddings, corporate events, theme parties, and floral sales. Divisions: Vivaah, Vows Vachan, Event Factory, Live Space. Serving elite clients, celebrities, and corporates with offices in India and abroad

#IndustryExperience,They have more than 28 years of experience in providing unique designs and décor for various events. They have serviced 4,000+ number of events and weddings. They are renowned brand name amongst the celebrities and corporates.

#Leadership, Party Cruisers is run by Zuzer Lucknowala who is the CEO of the company. The company has been running successfully for over 3 decades and went public on 5th March, 2021 under his leadership with Seher Nazmee Ahmed as the Chief Business Officer

#Promoters of Party Cruisers Limited are Mr. Zuzer Hatim Lucknowala and Mrs. Rachana Zuzer Lucknowala.

#FinancialPerformance (March,In INR Cr):
Sales: 2021 - 9, 2022 - 15, 2023 - 40

EBITDA: 2021 - 0.8, 2022 - 2, 2023 - 8

PAT: 2021 - 0.5, 2022 - 1, 2023 - 4

#Financials: The company has a market cap of INR 80 Cr, and is trading at a PE of 14.5x

#Operation: Currently, PCL has offices across Delhi, Chandigarh, Indore, Nashik, Nanded, Hyderabad, Bangalore, Mysore and has organized events in various locations across India and abroad like Maldives, Dubai, and others

#GrowthPlans, two new business division to capture bigger market share
1) Vows Vachan: Division will focus on catering to the wedding and event management needs of middle and upper middle-class families. division will leverage the existing brand image of Vivaah for more revenues

2) Adopted asset: Light model to expand its presence in India and aims to establish 50 franchisees/channel partners across India by FY25

#BonusShares, The Company issued bonus shares in the ratio of 1:1, the record date was 18th April, 2023

#MarketGrowth,The global event management service market was valued at USD 5.4 Billion in 2019 and is projected to reach USD 15.89 Billion by 2027, growing at a CAGR of 14.4% from 2020 to 2027.

#MarketGrowth,The Global events industry size was valued at $1,135.4 billion in 2019 and is expected to reach $1,552.9 billion by 2028, registering a CAGR of 11.2% from 2021 to 2028

#SharePrice,
Open: ₹62.85
High - Low: ₹69.45 - ₹62.85
Previous Close: ₹66.15
Total Traded Value: 2,68,000

Jun 02, 2023

#BulkDeals, 40000 shares of Party Cruisers Limited were traded at an average price of Rs 65.27 in a bulk deal on NSE

April 25, 2023

The company posted very good results in the March quarter as well

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