Management have already clarified on 6th Aug that they have no exposure to Bangladesh so they won’t get affected.
2 Likes
Hi,
Trying to understand to the total addressable market(TAM) for Filters and Dryers and what can be the revenue for BEW out of that. Based on their July’2023 presentation, 3 listed players(GMM, HLE and BEW) do a business of 600 Crs for filters and dryers in the organized market and couple of other manufacturers have a turnover of 200-250 Crs. In addition to this Drum Dryers have a TAM of 150-200 Crs. So roughly the entire Indian dryer market is around 1000 Crs and 800-850 Crs excluding Drum Dryers. BEW has claimed that it has 40% market share of Dryers in India. Last year their entire revenue was 120 Cr. 90% (108 Cr) was domestic revenue. Filters and Dryer combined revenue was 90%. So around 95-100 Cr was domestic revenue from Dryers and Filters. Now 40% of 800 Cr is 320 Cr. Am I missing something here because the numbers don’t add up.
Moreover I am trying to establish a revenue potential for BEW here. They are targetting a revenue of 300 Cr in FY 27. Let’s say if they grow their exports to 25% by that time then the Domestic revenues would be 225 Cr and out of that Filters and Dryers would contribute around 180-190 Cr. What would be the maximum Domestic Revenue that they can achieve out of the current product mix ?
4 Likes
promoters have sold their stake significantly in last quarter or so?
It looks like various Institutions have taken up this stake.
Please check the exchange fillings.
dr.vikas
Stock is in lower circuit from the time news came out about sad demise of Mr. Prakash Bhalchandra Lade, Chairman & Director of BEW Engineering Limited.
What could be future perspective of bussiness , and any hope for recovery in stock price .
