The medium-term protects for Control Print looks good as multiple levers will fuel its growth
Representative image.
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Highlights Weak quarter marred by supply-chain issues Margin declines on lower revenue and higher cost despite higher share of consumables Q3 could be soft as well, looking to hike prices by Q4 to recoup margin Economic growth, regulatory push, shift from unorganised are positive tailwinds The installed base of over 15,500 printers provides annuity stream of revenue through sale of consumables Inorganic moves to gain technological edge and move to adjacent areas Lean balance sheet with zero debt opens up room for more inorganic moves Good medium-term…
