Back News / Alpha Ideas 20-20: Why Nikhil Vora Thinks Hindustan Foods Is ‘Still A Great Opportunity’
Alpha Ideas 20-20: Why Nikhil Vora Thinks Hindustan Foods Is ‘Still A Great Opportunity’
July 30, 2018Hindustan 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.