Neel Narendrabhai Pujara, aged 26 years, is Chairman & Managing Director and Promoter of our Company. He holds Matriculation degree from Gujarat Secondary and Higher Secondary Education Board. He was appointed on the Board on June 30, 2021 and further designated as the Chairman and Managing Director of the Company on June 27, 2022 for a period of 5 years.  With the experience of around six years working in Kailash Namkeen, overviewing the entire business and operations, which is operating in Indian Packaged food industry. Tulsi Neel Pujara, aged 33 years, the Whole-Time Director and Chief Financial officer (CFO) of our Company, is an individual with an experience of 3 years in the field of administration and finance. She holds degree in Bachelor of Business Administration from Saurashtra University. She was originally appointed on the Board on April 05, 2022 and further designated as Whole Time Director w.e.f. June 27, 2022. She handles Admin and finance department of our Company. Ashok Ghiya, aged 64 years is Non-Executive Director of our Company. He was appointed on the Board on February 26, 2024. He has experience of 37 years and has been dedicated to public service in the administrative office of Taluka Panchayat. During his tenure in the administrative office, Mr. Ghiya played a pivotal role, particularly in overseeing and managing accounts-related functions. His expertise in Accounts related function is expected to contribute significantly to our commitment to sound financial management and governance.

Name of the Company	Revenue (In Crore)	PAT (In Crore)	EPS ( in Rs)	P/E	CMP	Mcap (In Crore)
Jay Kailash Namkeen Limited	10	1	1.77	41.1	73	36
Annapurna Swadisht Limited	160	7	4.35	63.3	394	685
Prataap Snacks Ltd	1,653	20	8.66	112.0	959	2,289

* All the data is as per FY23.

Review and Recommendation of Jay Kailash Namkeen by team IZ is 4/10. 1. Jay Kailash Namkeen Limited, initially established as Jay Kailash Namkeen (OPC) Private Limited on June 30, 2021, has demonstrated significant growth and strategic development. The company underwent a transformation from a one-person entity to a private limited company, and eventually to a public limited entity, reflecting its expanding scope and ambition. 2. Product Portfolio: The company takes pride in its extensive range of Indian snacks, catering to diverse consumer preferences with 186 SKUs across 56 products. The assortment includes popular items like Chana Jor Namkeen, Masala Chana Jor, and Soya Sticks, among others, available in various sizes from small packets to bulk packs. This diversified product mix ensures resilience against market fluctuations and consumer trend shifts. 3. Business Model Transition: Jay Kailash Namkeen Limited initially focused on a B2B model, manufacturing products for well-recognized brands across several Indian states. In April 2022, the company expanded its operations to include a B2C model under its own brand, marking a strategic pivot to direct consumer engagement. Additionally, the company engages in the wholesale trade of Chana Jor Namkeen, showcasing its versatile approach to market penetration. 4. Market Position and Competitive Landscape: Operating in the competitive Indian snack food sector, Jay Kailash Namkeen Limited faces challenges from both domestic and multinational companies, as well as numerous unorganized local players. The company's strategy to distinguish itself through consistent product quality, timely delivery, and competitive pricing has been key to its brand development and customer loyalty. 5. The Revenue has Increased from Rs.13 Crore in FY21 to Rs.10 Crore in FY23. 6. The EBITDA has Increased from 19 Lakhs in FY21 to 1 Crore in FY23. 7. The PAT has Increased from 9 Lakhs in FY21 to 89 Lakhs in FY23. 8. As per FY23, CFO/EBITDA is 1.00, As per FY24, EPS is 1.21, 9. Market Capitalization is 36 Crore & P/E is 60.11x based on FY24.

Jay Kailash Namkeen Limited Deeva House, Fourth Floor, Diwanpara 11/12 corner, Rajkot City, Rajkot - 360001 Phone: 0281-2993110 Email: cs@jaykailashnamkeen.com Website: http://www.jaykailashnamkeen.com/