CDSL:

• Central Depository services Ltd
• Initially promoted by BSE in 1999.
• Subsidary:
• CDSL - for Demat
• CDSL Ventures - for KYC registration in stock market & MF's
• CDSL Insurance Repository
• CDSL Commodity Repository
• Stable operations
• Fixed annual charges
• Demat market share grew to 48% in FY 19 vs 40% in Fy 14.
• 2500 Unlisted Public & Private ltd companies - BIG Opportunity.
• Sales growth : 14% CAGR
• Net Profit : 18% CAGR

Mahindra Holiday & Resorts India:...4.Nov.19

• Launched in 1996
• Largest vacation ownership company - outside US
• One of Top 7 Vacation ownership companies in the world
• 61 Resorts in Asia
• Holiday Club Resorts Oy (HCRO), Finland (96.47% subsidary) - 33 resorts across Finland, Sweden & Spain.
• Total : 94 Resort
• 4300 RCI affiliated resorts worldwide.

• 2.47 Lakh Members (increased 2.5x in last 10 years)
• 18377 new members added in Q1 FY19-20.
• 44% sales through pull based digital & referral strategy - reduces cost of acquisition
• Two target groups:
• Higher downpayment while enrolling - to finance property addition
• Higher propensity to spend - bringing additonal high margin income.
• Land bank @ 10 destinations in 5 states - incremental room inventory
• FY 19 occupancy @ 83% inspite of kerala & coorg floods
• Standalone debt - NIL
• Q1 & Q3  off seasons in Finland & Sweden.
• HCRO : Net loss @ Euro 1.66 million - down from 3.47 Million. Total revenue : E37 Million in Fy20 vs E30.93 million a year ago.

Thyrocare Technologies :

• Health Diagnostic Company
• Offers 617 Tests & 130 Profiles to detect disorders like Thyroid, Growth, Metabolism, Autoimmunity, Diabetes, Anemia, Cardio Vascular, Infertility etc.
• 51 Profiles - offered as package - Aarogyam Brand
• Pre-natal and Neo-natal tests - launched in May 2019.
• Plans to launch Molecular biology testing in Neo Natal stage
• Pan India Network - Diverse business model
• 6342 Authorised Service Providers - Source samples from local hospital, labs, diagnostic centers, nursing homes, clinics and doctors.
• 578 Aggregators
• 529 Thyrocare Service Providers
• 5235 Online Clients 
• Spread across 555 cities in 32 states and 2 union territories
• Testing facilities:
• Central Processing Lab @ Navi Mumbai - over 2 Lakh sq ft
• Regional Processing Labs - 8  - New Delhi, Coimbatore, Hyderabad, Kolkota, Bangalore, Bhopal, Mumbai and Patna.
• B2B Business with local clinical labs, diagnostic centers - back end partner.
• By June 2019, Sales grew 13%, but operating margin declined 0.80%. PAT increased 17%
• Corporate tax rate cut - BIG positive for Thyrocare.

Advance Enzymes Technologies:

What is an Enzyme?

• Natural Proteins produced by living organisms
• Function as catalyst for accelerating the phase of chemical reactions
• Applications in industries, replacing chemicals - Side effects free, eco friendly solutions
• Human care nutrition and probiotics
• Animal nutrition
• Baking
• Fruits / vegetables processing
• Protein modivications
• Dairy processin
• Textile processing
• Leather processing
• Biofuels
• Biomass processing
• MOAT - Technicality + heavy reliance on R&D + shortage of qualified professions with experience in enzymes + barriers of biotech industry

Advance Enzyme Tech:

• Promoted by
• 30 year old company
• Largest Enzyme producer in Central Asia
• 400 Proprietory Products
• 68 Indigenous enzymes and probiotics
• 5 research centers in India + 2 in USA
• Exported to 45 countries across 6 continents
• Users:
• Human Nutrition verticals - ingredients for nutraceuticals & Pharma - 76%
• Animal Nutrition - 12%
• Bio-processing : 12%
• Revenue - Overseas - 59%, India - 41%
• R&D - Big Expenditure - 8.82% of total sales.
• Sales up 6% and Operating profits up - 11%