Equity L/S Analyst | Forensic Accounting | India, Yellowstone Equity

Ankit Agrawal, CFA

Equity L/S Analyst | Forensic Accounting | India

Creating Wealth through Alpha and Compounding

Yellowstone Equity

Providing unbiased and independent research on Indian equities to global institutions and individual investors


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Regulatory Disclosure: 
Note that Ankit Agrawal (Proprietor of Yellowstone Equity) is a SEBI registered Research Analyst (Registration No.: INH000007216). Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Research Analyst Contact Details:
Address: A-412, Shilp Aaron, Sindhu Bhavan Road, Ahmedabad, Gujarat - 380059
Email: services@yellowstoneequity.com
Mobile: +91-7575817289

Compliance/Grievance Officer:
Name: Ankit Agrawal
Email: services@yellowstoneequity.com
Mobile: +91-7575817289
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Equity Bottom-Up

<ul>
<li>The FMCG Business reported Q4FY22 revenues, in line with the recent annualized revenue run-rate of around INR 400cr.</li>
<li>The relatively new Naturali brand was advertised prominently at the IPL and its products are becoming increasingly visible at department stores.</li>
<li>A key monitorable for RPSGV's sports business is the IPL Media Rights Auction that is scheduled to be held on Jun 12.</li>
</ul>


The FMCG Business reported Q4FY22 revenues, in line with the recent annualized revenue run-rate of around INR 400cr.
The relatively new Naturali brand was advertised prominently at the IPL and its products are becoming increasingly visible at department stores.
A key monitorable for RPSGV's sports business is the IPL Media Rights Auction that is scheduled to be held on Jun 12.


RPSG Ventures (RPSGV): FMCG Business Gaining Traction; IPL Media Rights Auction - A Key Monitorable

<ul>
<li>RPSG Ventures reported strong Q3FY22 earnings, led by the BPO business where revenues grew 5% QoQ in INR terms and EBIT grew ~20% QoQ.</li>
<li>The FMCG business however saw tepid performance with revenues declining to INR 95cr vs INR 100cr QoQ, due to temporary headwinds, however, the long-term prospects remain promising. </li>
<li>The sports business is in nascent stage currently but the newly acquired IPL Lucknow franchise holds good promise.</li>
</ul>


RPSG Ventures reported strong Q3FY22 earnings, led by the BPO business where revenues grew 5% QoQ in INR terms and EBIT grew ~20% QoQ.
The FMCG business however saw tepid performance with revenues declining to INR 95cr vs INR 100cr QoQ, due to temporary headwinds, however, the long-term prospects remain promising. 
The sports business is in nascent stage currently but the newly acquired IPL Lucknow franchise holds good promise.


RPSG Ventures: Tepid FMCG Growth, But Long-Term Prospects Intact

<ul>
<li>
<a href="https://www.smartkarma.com/entities/rpsg-ventures-limited" target="_blank" data-smartkarma-citation="entities:29022:1" rel="noopener">RPSG Ventures Limited (CESCV IN)</a> (“RPSGV”) continues to take strides into the FMCG space. It recently forayed into the personal and beauty care segment.</li>
<li>Sanjiv Goenka also successfully bid for the new IPL team of Lucknow, part of which is to be funded by RPSG Ventures.</li>
<li>We attended the RPSG Group’s two-day investor conference where RPSG group shared detailed update on their vision and ambition around the FMCG business of RPSGV.</li>
</ul>



RPSG Ventures Limited (CESCV IN) (“RPSGV”) continues to take strides into the FMCG space. It recently forayed into the personal and beauty care segment.
Sanjiv Goenka also successfully bid for the new IPL team of Lucknow, part of which is to be funded by RPSG Ventures.
We attended the RPSG Group’s two-day investor conference where RPSG group shared detailed update on their vision and ambition around the FMCG business of RPSGV.


RPSG Ventures: Ambitious FMCG Play | Now Also An Aspiring Sports Play (IPL)

India

RPSG Ventures is a diversified investment company that operates as a holding entity for high-growth businesses across various sectors, including Information Technology (IT) services, Business Process Management (BPM), Fast-Moving Consumer Goods (FMCG), Real Estate, and Sports. As a standalone entity, it provides IT consultancy and support services primarily to the power sector. The company is headquartered in Kolkata, West Bengal, and was founded in 2017.

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RPSG Ventures (RPSGVENT IN)

RPSG Ventures (RPSGV): FMCG Business Gaining Traction; IPL Media Rights Auction - A Key Monitorable

The FMCG Business is on track to scale up to INR 1500cr+ by FY26, at which point, it can become profitable. For the Sports business, a key trigger...

Ankit Agrawal, CFA

RPSG Ventures: Tepid FMCG Growth, But Long-Term Prospects Intact

As RPSGV scales up its FMCG revenues to INR 1,000cr+ annual run rate from current INR 400cr+, it has potential to re-rate significantly. Its IPL...

Ankit Agrawal, CFA

RPSG Ventures: Ambitious FMCG Play | Now Also An Aspiring Sports Play (IPL)

RPSGV continues to take strides into the FMCG space. It recently forayed into the personal and beauty care segment. RPSG Group also bid for an IPL...

Ankit Agrawal, CFA

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