Thanks for your inputs, will try my best to share more analysis and deep dive as they are fun and learning for me, while applying Prof. Damodaran framework
Hi Chirag, if you’re mentioning about IPO it was around 2021 and as per my research, Indian plastic labware has grown from ~₹1,225 crore in 2020 to an expected ~₹2,575 crore by 2025 (~16% CAGR), while global plasticware is growing at 3–6% annually. Within this, Tarsons has consistently held a high‑single to low‑double‑digit share of the Indian market (~9–12% around FY20–21) and has been gaining wallet share as it expands its SKU range and distribution. Let me know if I am missing anything! Thanks for your comment, appreciate it!
Need more articles like this!! Learnt about depreciation and non cash expense &how to evaluate at such stages..
Thanks for your inputs, will try my best to share more analysis and deep dive as they are fun and learning for me, while applying Prof. Damodaran framework
its falling like there's no tommorow with such strong Operating Cash Flows. PAT fools you big time. great article 👍
Thanks for your inputs ☺️
Just a suggestion,
A company which has debt on books should rather be seen on Mcap/FCFF or EV/CF.
Depreciation on books is majorly because of the capex. This business is bound to have low asset turns.
There can be alot of levers for growth however plastic labware as an industry is not seeing any kind of growth which was mentioned in the drhp
Hi Chirag, if you’re mentioning about IPO it was around 2021 and as per my research, Indian plastic labware has grown from ~₹1,225 crore in 2020 to an expected ~₹2,575 crore by 2025 (~16% CAGR), while global plasticware is growing at 3–6% annually. Within this, Tarsons has consistently held a high‑single to low‑double‑digit share of the Indian market (~9–12% around FY20–21) and has been gaining wallet share as it expands its SKU range and distribution. Let me know if I am missing anything! Thanks for your comment, appreciate it!
Oops! I accidentally deleted the comment, apologies 🙏
Thanks for the comment!