Kavach 4.0 seems to be moving ?
Trial order is going on. It will take 6-9 months as per company to complete it. Then only they can participate in bigger orders, considering they get success in trial order.
Concord has received technical prototype clearance from RDSO for Kavach 4.0. There are two key positives as a result of this clearance.
First - Concord can now execute the trial order from South Central Railways
Second - It’s now recognized as a development vendor for all Kavach 4.0 tenders across India.
Expecting big order inflow for the Kavach business in the next 6 to 12 months.
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Looks like a good acquisition -
Source - https://www.bseindia.com/xml-data/corpfiling/AttachLive/29625631-88c8-4990-a15a-c651cc31d386.pdf
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Quick question. What could be the reasons for constant selling of FIIs and DIIs QOQ?
Yes, indeed. Looks interesting.
The revenue potential from the current capacity is INR200cr and they intend to double capacity in the next 3 years. EBITDA margin also likely to be in-line with the company’s target.
The question would be how the company merges this acquisition into the railways ecosystem. Earlier, Fusion was only supplying to automotive companies.
With half yearly results on November 5th and the subsequent con call, a lot of questions will be answered.
As I read the news at one place, it sounds other way round. I think the company intends to diversify their offerings in addition to current railways. It was mentioned that there is very limited competition and huge import dependency in India for the Fusion products.
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It appears company has delivered great set of numbers.
Revenue 82 cr Vs 50 cr (y-o-y) Vs 77 cr (h-o-h),
PAT 16 cr Vs 8 cr (y-o-y) Vs 14 cr (h-o-h),
EPS 25.4 Vs 14.4 (y-o-y) Vs 22.6 (h-o-h).
