I’m not sure, sir. Given their reputation failure, I am not sure how they intend to steady the ship.
However, their peak quarter volumes still surpass that of Ather’s numbers.
An interesting case study to watch out for, though.
3 Likes
High quality research. I was searching here and there on the net for answers. Here you have dealt with the entire gamut of the EV space. Congratulations.
3 Likes
As I have mentioned before, I doff my hat to your research. Have you looked at companies that make chemicals or other ancillaries for batteries?
My attention has been drawn to an unlisted player gfcl.ev promoted by Gujarat Flurochemicals ltd.GFCL EV Products Limited
Disclaimer: I have made a small investment in it.
2 Likes
Delivering and How!!!.
NIIF with 200 crore, Hero with 1000, and promoters with another 40 crore.
QIP still pending.
Only monitorable now is when the MH plant goes online.
An Ather at 1.0-1.2 L would do gangbusters.
Price point, I’m not sure, but if we get firm dates on the MH ramp up, that’s the next ramp up.
Disclosure: Hold off and on from 330 levels.
6 Likes
2W They are missing 10-15k Sales per month.
Maxed out on production.
Phase 1 is on track for this CY. Phase 2 post this.
Fundraising of 2500 crores is for phase 2 and new launches.
I would say one of the best companies in this space outside TVS. Love what’s happening on the Software Stack. Currently, 10-12% of this revenue has high gross margins.
1 Year Back, I thought PAT was in FY 29. Now I guess it can come in fy 28.
5 Likes
Gross Margins are down scope of 100-200 basic point more.
But adoption and demand is very high.
Company is unable to fulfill orders.
Product is top class , company depends of word of mouth marketing. After Ola debacle , its hard for them to trust new EV company.