The promoter holding has interestingly gone up by almost 20 percent from 48.5 to 68 percent.
There is higher capex to the tune of 24 cr as per latest avl quarter information.
Margin expansion also seems to be happening.
Anyone has any update on their plan to expand their products for commercial vehicle segment?
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They have further expansion plan upto 1 lac MT production by 2027… as per concall they are fully booked and currently delivering 70 % Capacity utilisation of 75k MT production and sales 63% of Capacity utilisation. After demerger the copany is targeting higher margin which can be seen in last quarter results…
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