@Mohit_baid but I don’t think Megatherm is going be a strong beneficiary of steel capex, most players are going to build capacities using BOF route rather than EAFs because there isn’t much steel scrap available. Also as I said, the market for induction furnace itself is very small so room for growth is very little.
Disclosure - I’m invested already but was looking to significantly increase position size and researching before doing that.
With CO2 emissions going up… what is the alternative to steel production without coal? Is induction the only option?
Q4FY24
YoY
Revenue +18%
Net profit +87%
HoH
Revenue +8%
Net profit +55%
Expected better revenue growth but the bump in Profits/OPM made up for it.
https://nsearchives.nseindia.com/corporate/FINANCIALRESULTS202324_28052024132456.pdf
Hey can you enlighten us by describing TAM and opportunity size of this electrical induction melting / heating furnance !! any listed player? competitors ?
That $85M is supposed to be by how much the industry will grow by I think, not the entire market size
WIth Kacholia entering, business scalability is proven in emerging Steel and ancillary scenario.
All eyes on the prize! Good to see the management + kaptify going routes to reward stakeholders.
