Inflame & Arihant Capital MarketsLtd | Bharat Connect Conference-Rising Stars 2024
Major points:
- Both the Hyderabad and Panchkula plants are fully established from infra POV.
- Have not been able to produce much from the Hyderabad plant per expectations, due to delays in getting customer approvals.
- De-risking of business is being done with the help of expansion of product line and geographical expansion.
- Govt. of India will go for BIS certification of hobs, electric chimneys, OTGs etc… Chinese personnel are not being given visas and none of the Chinese companies have any BIS certification on these products. BIS will be applicable from September 5, 2024 onward. Appliance glass will also come under purview of BIS, hence, appliances from Chinese suppliers will altogether be banned. Some brands are at the moment still importing Chinese products. Inflame will be the ultimate beneficiary of the BIS certification and subsequent ban on non-compliant products.
- Have produced 4-5k OTGs for Havells. 18 models of OTGs launched.
- Kaff is now a major buyer of hobs, and will show up in the revenue.
- Chimney market growth rate is 15-16%. Majorly depends on new housing.
- Major competitors - Faber, Elica and Glenn. They can give Inflame serious competition.
- Per the presentation, all the components that go into their products have been developed and slowly and steadily Inflame will be reducing their dependence on Chinese suppliers, and will go indigenous. Reason is that the current set of components have been certified and proven in the previous crop of products manufactured and in use at present.