1. Kriti Industries
Key developments
In FY22, co. invested Rs. 30 Cr in widening its product portfolio – the manufacture of PVC column pipes (hardened PVC). They also increasingly replaced the use of MS pipes; resulting in a doubling of installed capacity to manufacture pipes used in the building and construction sector. Besides, the co. widened its marketing presence to Punjab, Haryana, Gujarat, Andhra Pradesh, and Uttar Pradesh.
Value-added Products
Widening its product portfolio, co. introduced various value-added products such as - grey casing pipes, 12.5 Kg heavy fittings, long socket pipe, etc in FY21. Value-added products take up a revenue share of 34% in FY22 v/s 23% in FY21.
Distribution Network
It has a wide distribution network with 400+ dealers spread across 16 states with central India, mainly Madhya Pradesh, Maharashtra, and Rajasthan being the company’s primary target market.
Clientele
L&T, Reliance, Tata Power, GSM, Indian Oil, Gammon, Gujarat Gas, Jio, NCC among others. In FY22, the top 10 clients contributed 20% to revenues.
Source: Screener.
2. HSCL
Analyst - Atul Shah
info@smartinvestment.in
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