Just listened to concall .My readings
1)Mayur is expected to have a good FY 16 and beyond as opp size is increasing.
2)M&M has selected them for their upcoming 7 new models
3)So has Ford and Isuzu
4)5 programs in lucrative OEM exports market to be operational in this year
5)Besides old customers Ford & Chrysler Mayur has also been selected by GM India for a specific model the production for which is slated to begin In 2nd half of this year.
6)General export market for which whole of world is the market is doing v well.Eg Saudi Arabia has started giving good business in last 3-4 months.This segment expected to do v well
7)Mayur to going to focus on sofa furnishing market all over India as realisations and margins are very high in this B2C segment.Distributor has been appointed in Delhi and will be appointed in other cities.Co is going to establish Mayur as brand in furnishing and car seats and spend heavily on ads.This B2C foray may lead to further rerating of the stock and needs to be seriously studied.
8)At long last PU Plant permission expected by June 15.The 2 lines over her will add 250 Cr to topline
9)6th line not running at full capacity but can be easily ramped up depending on demand .Provision is there for 7th line too depending on program roll out.Company is already having 60 bighas of land the land usage change for which is expected by June 15 which will take care of PU plant requirement.Waste water usage approval is also expected in next 2-3 months.
10) Footwear business is slowing down as co customers are focused on chappals and sandals segments in 200-500 rs range.
10) At Mayur we have one of the most ethical promoter who will take care of minority shareholder.Mr Poddar has built Mayur from scratch and is bottom line focused.