Alpha Ideas 20-20: Why Nikhil Vora Thinks Hindustan Foods Is ‘Still A Great Opportunity’
Hindustan Foods could hit the Rs 1,000-crore revenue milestone by 2020, said Vora.
Hindustan Foods Ltd.’s stock price has jumped eight times in two years, but Nikhil Vora believes it is “still a great opportunity”.
The manufacturer of nutritional foods, cereal foods, and soya beans could hit the Rs 1,000-crore revenue milestone by 2020, Vora, the founder and chief executive officer of Sixth Sense Ventures, said at the Alpha Ideas 20-20 conference in Mumbai.
I think we will have an opportunity to be a $0.5 billion (around Rs 3,000 crore) company by 2022.Nikhil Vora, CEO, Sixth Sense Ventures
Hindustan Foods had posted revenue of Rs 37 crore in 2017. Sixth Sense Ventures and associates hold a 20 percent stake in the company.
The company can deliver 22-23 percent return on investments from 15-16 percent earlier, Vora added.
Watch Nikhil Vora’s presentation on his investment philosophy.
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