demerger of HSIL Limited. Post demerger, SHIL would remain asset light by outsourcing production and only focus on marketing and distribution. The group has more than 6 decades experience in Sanitaryware segment with its legacy brand CMP Hindware being one of the oldest and largest sanitaryware brand in India. Leveraging on Hindware Brand', it has now expanded MCap into newer segments including Kitchen appliances, Water Heaters, Water coolers, Fans etc in Consumer Appliance business and Pipes and Fittings business. Thus expanding their addressable market by 10x to INR 40,0000crs. SHIL expects to grow its 52 W (H/L) revenue by ~20% CAGR and EBITDA by ~40% CAGR by FY25 largely on the back of Consumer and pipes business, . Overall Mar-22 TP...