- One observation from the 2018 AR is the foray into Aluminium foundries. This can help them diversify from heavy commercial vehicle/tractor manufacturers and potentially open up new customer segments for the company.
With the integration of Aluminium offerings from the Group, the Company has started to offer the Indian customers on Aluminium foundries as well. These offerings are Aluminium Die Casting Machines from Italpresse and Melting and Dosing furnace from Strokowestofen. These two offerings have strengthened the offer from the Group to the Indian market, and now the Company can provide solutions on both Ferrous and Aluminium foundries.
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Secondly, the number of group companies has gone up from 41 in 2014-15; 48 in 2017-18, and more recently to 68 in 2018-19. Most of these group companies are spread across globally and can be perceived as intermediaries or representative companies or niche players in their respective geographies. I would like to believe that these can hold potential for export opportunities from India.
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There was an announcement today to the exchange. Tumakuru and Bhadravati facilities have started operations on 29th April, while Peenya and Hosakote facilities have reopened on 4th May 2020. The understanding is that all facilities are operating with minimal staff.
Meanwhile, I am trying to get some idea on what the market size is in India and how much of a runway does DISA India have in front of it? If anyone (@narendra ?) here has any information in this regard, kindly share here.
Disclosure: I have a tracking position. This is one of the capex sensitive manufacturing company and the stock price might have a lot more uncertainty ahead of it. Also the company is thinly traded.