Great numbers from tricoat:
- Core business ROCE of 60% (on full capacity utilization). Working capital at 0 days.
- Total capital employed = Gross block = Rs 9820/ton
- EBITDA for Q3 at 57cr, 100% YoY increase. 54% increase QoQ.
- Net profit at 38 cr. 100% YoY growth and 58% QoQ growth.
- Operating cash flow was Rs 110 cr in 9MFY21 (99% of EBITDA)
- Revenue of 500cr, growth of 51% QoQ.
- EBITDA/ton at Rs 7872 vs 6137/ton in Q2. (This level of EBITDA might not be sustainable. No word from management in this regard yet. Will watch concalls for more updates regarding this).
- Target to achieve full capacity utilization in next 2 years.
Disc: Invested, full pf here.