JHS Svengaard

The company, headed by first generation entrepreneur Nikhil Nanda started off as a job work contractor for making toothbrushes for almost all the leading brands. Over a period of time, it decided to switch its role from merely job working to making its own brand – Aquawhite. This switch has meant that it had to run into losses for quite some time, with very low capacity utilizations but slowly, it seems to be turning around.

For Q2FY17, the company posted a 24% (YoY) rise in net sales at Rs.31 crore and net profit came in at Rs.1.35 crore v/s loss of Rs.92 lakh in previous Q2 and small profit of Rs.31 lakh in Q1.

Currently 84% of its turnover comes from manufacturing and this showed a 13% (YoY) increase job work contributed less than 6%. The company is almost debt free, with borrowings around Rs.1.5 crore and cash is at Rs.2 crore.

The company’s equity stands increased from Rs.24.09 crore to Rs.39.86 crore (QoQ) as during the quarter, it converted 1.58 crore fully convertible warrants into equity shares of Rs.10 each.