Perhaps this meant, 13 & 13 cr for FY23
Given this
Can you cross check please.
Perhaps this meant, 13 & 13 cr for FY23
Given this
Can you cross check please.
I heard 30 but logically given the nos.13 cr makes sense. Thanks. I’ll edit this in my post.
Trial run for dye intermediates started. info shared by company on 2nd Novemeber
Rights Issue Details
Is there any idea or announcement on when they are starting the utilization of dahej new plant ?
Have the same question. As per the company, Unit 3 project expansion completed as per update provided in May 2022 and the impact on revenue start from FY 2022-23 onwards but there is a dip of 10% on topline from Q4 2022 although a +10% from Q1 2022. Know the company does not conduct investor calls. Would be curious to understand mgt’s plans in light of raw material costs and revenue growth in line with the capex completed. Appreciate any thoughts to gather the required info.
Having identified import replacement products to manufacture is great, question in my mind is, do they have right people to set up plants, plan & run these operations?
I see no prominent people on board and no key employee data provided in AR…
Disc: Not invested yet but looking forward to invest
Hi @kalpesh4430, Dynemic’s management has shown good execution in the past. They have faced challenges with scaling up of their capex but those are slowly getting resolved. It is not hidden that they have faced major hiccups with their large capex but these are the risks involved in large expansions done by chemical companies. Like they mentioned in the AGM, Food Colour plant should run at optimal capacity very soon. They will start running the Dye Intermediate plant at 50% by this CY end which will fulfil the requirements for the entire Food Colour operations including their old capacity in Ankhleshwar. Once that happens, they will increase the utilisation of the Dye Intermediate facility and start selling it outside. Thanks!
Disc: Not Invested
I attended Dynemic AGM for FY23 through VC, following are some notable points from that (there might be mistakes in my hearing/understanding) -
Thanks for sharing! This is very helpful! Can anyone please help me understand the below questions
a) Any idea on what the food colours production volume was for FY 23?
b) What will it take for the dye intermediates utilization to improve?
Food colour volume for FY23 was 3992 MTPA
a) Food colour production was 3992 MT(FY23) vs 3610 MT (FY22)
b) Around 50% of DI capacity is for sale rest is for backward integration/captive use. Hence, the 1488 MT number is more external volume and not total DI production in FY23.
As per management, all plant stabilization issues are behind them and currently only constrained by demand. Some green shoots are visible, so utilization will improve with demand.
@rupeshtatiya - In one of the investor the presentation, management claims capacity as 22K.
Any idea why some gap here ?
As per the commentary from the AGM, it does add up to 22,644 MT
Food Color capacity : 6,120MT Utilization 65%,
Dye Intermediates: 16,524MT - remember roughly 50% of DI is for captive use, 50% is for external.
Overall DI utilization was mentioned as ~50%, with external facing utilization only at ~20% at present.
Have gone through complete thread, went through the ARs as well and the business and promoters looks interesting. I have few questions if someone can help me answer: