@Srinivasa_Ramanujam
What’s the role of Tejas in this recent deal [Dated 23-Apr TCS setting up four large BSNL data centres in Rs 15,000 crore 4G deal]? AFAIK, recent concall and results of Tejas did not mention anything about this deal.

The ongoing work with BSNL belongs to the past deal mentioned below:
In May last year, TCS informed the exchanges that it had, along with ITI Ltd, secured an advance purchase order of Rs 19,000 crore from BSNL to set up 100,000 4G sites. Nearly 20% of this order is to be fulfilled by ITI while the remaining larger chunk lies with TCS, ET had reported.

The TCS-led consortium, which is responsible for end-to-end planning, design, installation, commissioning and optimisation of the mobile network, includes C-DOT and indigenous telecom equipment-maker Tejas Networks. TCS parent TataSons has a majority stake in Bengaluru-based TejasNetworks.

With the latest developments which have taken place over the last few months viz. – success of Indri, capital raise which will get in institutional investors, step change in the level of ambition as reflected by the amount of capital raise, the growth projections and the new product pipeline – Piccadily Agro is going through a paradigm shift.

Given its best-in-class performance metrics of highest growth rate & highest margins amongst alcobev cos. along with sizeable market share, it is poised to move from being a little-known nanocap to being the market leader in the Indian premium alcohol market – which is the highest ROCE segment of the market and which all the other majors are trying to push into as the mass market slows down.

Given this background, I feel Piccadily will give United Spirits a run for their money in times to come. After all, USL wasn’t built by Diageo but by a smart & influential Indian (Mallya senior), and I feel in Piccadily we have the same – people who are smart, who understand the pulse of Indians and the industry and people who are extremely influential.
Piccadily overtaking Radico in marketcap seems like a foregone conclusion.
But, I would not be surprised to see Piccadily overtake USL in marketcap in the next 7-8 yrs.

Is there a wy to edit/update thread title, created by me?

I need help in understanding the taxes paid by the company for FY22-23. It is amounting to 50% of the profits made. Including the deferred it is going to about 76% of the total income. Why has the company paid such heavy taxes ?

Disclaimer: I am new to this and thank you for your patience

Position: Entered with a tracking amount

Gabriel India –

Q3 FY 24 concall and results highlights –

Sales – 814 vs 711 cr, up 14 pc
EBITDA – 70 vs 51 cr ( margins @ 8.8 vs 7.2 pc – significant improvement )
PAT – 43 vs 30 cr

Cash on balance sheet @ 213 cr

Capex in Q3 @ 17 cr. For 9M FY 24, Capex @ 50 cr

Segment wise sales break up –

2W/3W – 61 pc ( enjoy 32 pc mkt share in domestic mkts )
Passenger Cars – 24 pc ( enjoy a mkt share of 24 pc in domestic mkts )
Commercial vehicles – 13 pc ( enjoy a mkt share of 89 pc in domestic mkts )
Trading – 2 pc

Channel wise sales break up –

OEM sales – 86 pc
After market sales – 12 pc
Exports – 2 pc

Company’s yearly export sales @ around 95 cr. Aim to ramp up exports going forward. Expecting to win some good orders for supplies to 4W and 2W products in the exports mkt in near future
Some popular car models using Gabriel’s shock absorbers – Jimmy, Grand Vitara, Brezza, Thar, Bolero, XUV 700, Hyryder, Kushq, Taigun

Company is a leader in Electric 2W segment. Popular models that they r supplying to include – TVS I-Cube, Ola – S1 pro, Ather 450x, Ampere Magnus. EV 2-wheeler mkts grew by 34 pc in Q3. Overall 2W sales grew by 19 pc

Future pipeline for passenger vehicles –

VW – 1 product
Tata Motors – 4 products
Mahindra – 3 products
Stellantis – 2 products

Company has won the Bajaj Platina business in Q3. Were not supplying to this model, previously

Have won orders for Ola – Motorcycle, New EV products of Suzuki, TVS

Have won orders for Swift – as alternate supplier. This is a very high volume product. A second source supplier generally gets 30 pc of the total volume

Supply of locomotive dampeners to railways is a small but fast growing business

Company entered the Sun-Roof market in May 23 by collaborating with Inalfa Roof Systems ( a Dutch company ). Its a JV with Gabriel India holding at 49 pc. Company has started supply of sun roofs for new Creta in Dec. Full scale production started in Jan 24. Inalfa holds 25 global mkt share in Sun-Roof mkt

Have got orders for SunRoofs for a new KIA model to be launched in 2025

Two global OEMs have recently visited company’s facilities in Dec-Jan. Expecting break-through with both the companies within FY 25

EBITDA margins in SunRoofs are likely to be in Double digits. Even at a company level, company intends to be making double digit EBITDA margins by FY 26 – this can potentially lead to a big bump up in profitability

Company is developing electronic suspensions. The avg selling price of these suspensions is 3X of a normal suspension. However, the ramp up here is expected to be slow

Disc: added recently, tracking position, not SEBI registered, biased