Vishnusurya Expands Capacity to 40 Lakh MT with Hosur Quarry Acquisition

1) Krsnaa Diagnostics Limited

• Business Overview – Company provides diagnostic services across India, specializing in radiology, pathology, and teleradiology. Company also has tie-ups with private hospitals, offering essential healthcare services in underserved areas.
• Recent Filings – •Krsnaa Diagnostics has acquired a 23.53% stake in Apulki Healthcare, gaining exclusive rights to operate diagnostic services in Apulki’s oncology and cardiology hospitals via public-private partnerships. (source)
• Additionally, Krsnaa received two orders: one from Ranchi Institute of Neuro-Psychiatry & Allied Services for radiology and pathology services, and another from Sadar Hospital, Ranchi, for radiology services. These contracts are expected to enhance the company’s revenue and strengthen its diagnostics presence in Jharkhand. (source) (source)
• Outlook –
  • The company plans to spend Rs. 170 crores in capital expenditure this fiscal year, with Rs. 22 crores already spent in Q1.
  • In Maharashtra, they plan to operationalize 5 MRI machines and 14 CT scanners this fiscal year.
  • The company is positioned for growth, aiming to shift its revenue mix to 60% pathology in the next two years.
• 2Y Price Chart –

2) Prataap Snacks Limited

• Business Overview – Prataap Snacks Limited is an Indian snack food company engaged in manufacturing and marketing of multiple product variants of traditional Indian snacks under the Yellow Diamond brand and sweet snacks under the Rich Feast brand.
• Recent Filings – Authum Investment & Infrastructure and Mahi Madhusudan Kela have launched an Open Offer to acquire 26% of Prataap Snacks at ₹864 per share, totaling ₹544.18 Cr. This follows a Share Purchase Agreement to buy 46.85% of Promoter shareholding from Peak XV Partners and Sequoia Capital for ₹846.6 Cr. With Authum’s management expertise, operations will be streamlined, costs optimized, and product lines expanded, boosting revenue.
• Outlook –
  • Despite rising potato prices, Company maintained six consecutive quarters of ₹300+ mn EBITDA, reflecting strong cost-management measures like grammage rationalization.
  • Favorable monsoon conditions and easing macroeconomic pressures are expected to support continued demand and profitability in upcoming quarters.
  • With Q1 FY25 revenue up 8.7% YoY, Company is benefiting from improving consumer demand, supported by new product development and stronger exports.
• 2Y Price Chart –

3) Vishnusurya Projects and Infra Limited

• Business Overview – VPIL, stablished in 1996, is engaged in mining aggregates and producing manufactured sand, operating two quarries in Tamil Nadu with a combined crushing capacity of 600 tonnes per hour. The company also offers diverse EPC services in real estate development.  Around 56% in FY23, revenue comes from construction aggregates with key clients including Adani, L&T, and IL&FS.
• Recent Filings – The company has entered into an agreement to acquire an aggregates unit (stone quarry and crusher plant) in Hosur, Tamil Nadu, increasing its production capacity from 24 Lakh MT to 40 Lakh MT per annum. This acquisition expands the company’s presence across the south, north, and west regions of Tamil Nadu, potentially driving revenue growth and enhancing financial performance in the future.
• Outlook –
  • Company is planning to expand its mining operations in Hosur, targeting the Bangalore market in FY 2024-25. The expansion includes an annual production capacity of 980,000 MT for the crusher plant and 800,000 MT for manufactured sand. This expansion into a new geographic market, combined with the substantial increase in production capacity, is likely to significantly boost company’s revenue and market presence.
• Price Chart since listing –

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