- Expected to come by Q1FY26 start, Delays were majorly due to supply chain issues (Delays in one of the shipments)
- Running at optimum capacity (85-90%)
- Both the new lines are expected to reach their optimum capacity (85-90%) within a year of commencement
- N.A
6 Likes
Could somebody please shed some light on Jindal’s Dielectric BOPP line? I’m unable to find any relevant info. What’s their capacity? Film thickness? When did they start manufacturing D-BOPP? Where does it stand wrt Xpro’s films? Did Treofan help Jindal secure its D-BOPP line this quickly? Is it a duopoly now?
1 Like
Hello,
Can anyone please share answers to following questions -
a) Who are the key competitors of the company in the Biax Division and what is their revenue contribution from Biax Division?
b) What is the pricing difference between the Biax films sold by Xpro and Biax Films imported?
2 Likes
I have created an Excel sheet to track Xpro India. Feel free to suggest any edits.
Xpro.xlsx (32.2 KB)
3 Likes
Industry Question:
As of now, there are ~40 machines of dielectric BOPP films installed globally. Will Brückner be able to make additional 30-40 machines by 2030?
(given the industry requirement of 70-80 lines in this time frame)
It seems less plausible that Brückner alone will be able to service this demand. Either the demand will be serviced by other players OR demand will outstrip supply OR the demand estimates of 70-80 lines (i.e., approx. 350k - 400k MT of dielectric BOPP films) 2030 are not reliable?
Will appreciate inputs from anyone who has done research on the demand aspect (I am studying this company / industry, so I don’t have a good answer yet).
Disc: Studying. No position yet.
1 Like
Hi,
Is anyone have a view on why the margin on a QoQ basis is falling?
1 Like
1.The company is using FVTPL, so the recent losses are notional. They’re related to EUR-INR exchange rate. 2. However, the profit margin is dropping even otherwise. But there is a catch - highly profitable Biax division is capped by capacity restraints, whereas low margin Coex revenue is increasing YoY. 3. The company expects its Biax capacity to increase from 4000MT to 13000MT in this FY. So, they cut the prices by 5% as a strategy. 4. In addition to all these, market sentiments and raw material prices also played a role I guess
7 Likes
Can someone help me understand- went through the last concall and understood
Do you think coex division margins can compete with China margins?
If the capacity increases why the prices have to be cut ?
@Donald - pls share your views sir if tracking this space
1 Like
Coex – I don’t know about the China angle. However, Xpro is the leading manufacturer of Coex sheets and has built long-term relationships with multiple companies, which lowers the “high concentration risk.” In any case, there was substantial volume growth last year and even in Q1, their market share has increased.
Biax – Management described it as a “strategic decision,” since their volumes are likely to triple in a single year, and explained that it was only a temporary move. The reasons could be anything – a goodwill gesture to strengthen relationships, a marketing technique, etc. If I recall correctly, some of the capacitor manufacturers’ plans were disrupted because they were dependent on Xpro’s new dielectric line. Maybe Xpro felt it was their moral obligation to help? Hard to say - I’m only speculating. My guess is as good as anyone’s.
5 Likes
Thanks for your views, the stock has rallied a lot and is in consolidation zone.
1 Like
