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SastaSundar Ventures: Interesting value proposition after the correction

The company has all the necessary ingredients (cash, people, capability, technology, experience etc.) to scale its business and there could be major margin unlocks that might play out over the next 3-5 years

June 27, 2022 / 02:16 PM IST
SastaSundar Ventures: Interesting value proposition after the correction

(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

Since the beginning of 2022, tech and growth stocks have performed dismally due to the prevailing fears about inflation and that the global economy could be headed towards a recession. E-pharmacy retailer SastaSundar Ventures (SSVL) is not an exception. The stock has plunged over 50 percent from its all-time high in November 2021, even though the business remains largely unaffected by the current situation. The long-term growth outlook is very promising, thanks to a solid cash position and strategic...

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