new plant commissioned in July 24. 60% growth in capacity due to green filed. later there will be brownfield. I can see a clear cut way to growth. for last 4 quarters they were operating at peak capacity now growth will come bcz their products are very superior… I guess that’s the reason.
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Presentation before AGM:
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Anyone tracking the latest updates on this company - please shed your insights on this stock? Seems like solid consolidation in last 7 months and at support now technically.
From CRISIL Ratings report dated 30-Apr-2024:
- The group has established its position pan-India as a market leader in the ramming mass manufacturing segment, with superior product quality resulting in higher-than-average realizations.
- The group exports to over 30 countries with volume growth of 19 % in fiscal 2024
- The group expanded its production capacity to 2,88,000 MT per annum from 1,80,000 MT per annum in October 2023.
- Return on capital employed was estimated at 26 % in fiscal 2024 on the back of high economies of scale. Operating margin was also steady and is likely above 28-29 % in fiscal 2024
- Limited external debt
- No major capex expected over the medium term
- Despite expectation of volumetric growth of 5-6 % in fiscal 2024, turnover was estimated to be slightly lower at Rs 125-130 crore compared to Rs. 137.4 crore in fiscal 2023 due to lower freight revenue
- Competition from a large number of unorganized players in the industry
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