https://nsearchives.nseindia.com/corporate/NPST_24062024172745_NSEIntimation24062024signed.pdf
Does anyone know the deal amount?
https://nsearchives.nseindia.com/corporate/NPST_24062024172745_NSEIntimation24062024signed.pdf
Does anyone know the deal amount?
The company did not do anything significant during the 2013 - 2020 period ( 1 in the P&L image below). 2019-2020 and 2020 - 2021 was a very hard year for both OEMs and Tier 1s as there was a transition from BS4 to BS6 along with slow export demand and ILFS crisis which created a liquidity crunch in the system.
Post covid however the company sprung back with phenomenal numbers with all the cylinders kicking such as exports, Aftermarket and domestic business in FY 23 and FY 24. FY 22 had the challenge of chip shortage which pulled down the demand from the OEM side and unavailability of containers for export.
Shriram piston is a great precision manufacturing play as over a long cycle the gross margin has been around 55%.
Due to introduction of complex BS 6 engines and further move towards ethanol the demand for the pistons will be there for the OEMs and the replacement market. The replacement market is relevant for CV as they go through 2-3 engine overhaul cycles. Exports are also done to some global OEMs where originally Kolbenschmidt ( JV partner) used to supply.
Technologies absorbed in 2019-20
Technologies absorbed in 2020-21
Technologies absorbed in 2021-22
Technologies absorbed in 2022-23
The next layer of growth will probably come from
Disclaimer : Invested.
any news on the dispute amount which they suppose to get from insurance ?
“This year, we have planned the opening of three new showrooms. One in Ratlam, spanning approximately 12,000 sq. ft., another in Ajmer, around 6,000 sq. ft., and the third in Neemuch, approximately 7,700 sq. ft. We are adding nearly 25,000 sq. ft. of retail space to our existing 41,000 sq. ft., increasing our total showroom area to approximately 66,000 sq. ft.”
The company is increasing its retail space by around 60% and opening three new stores. This is a good sign company is in expansion mode. these stores will have to turn profitable but given the brand name of DP Abhushan in MP getting traction should not be a major issue.
Invested in a small way in Ceinsys.
Your post got me to start reading about the “Metaverse”. Here is an article from WIRED which may help others. What Is the Metaverse, Exactly? | WIRED
Is there any AGM notes for FY24 released yet ?
Thanks @1957 Om, I just wanted to understand the reason behind less promotor holding in KPIT. can you provide your input if possible?
Ashok Soota has sold due to his other commitments like NGO and Happiest Health, his target is to drop his holding to 40% after which he wouldn’t sell, currently he is at ~44%. Expect some more selling maybe in coming years, but the guy deserves it. Nothing wrong with the company.
A general question (due to lack of automotive tech knowledge).
Are the products of Sona BLW catering to all the below 3 segments?
If yes, that covers the risk of delays in EV adoption
With the current capacity, they have a guidance of 2500 cr by FY26. Which will be 20% YoY growth over FY24-FY26. The new capacity will stary contributing post that. There is chance of slight operating margin going towards 18-20 %. This business to me still fairly valued. They are churning out new products via R&D, creating a brand in the domestic market, strong balance sheet (possibility of an inorganic acquisition). Biggest risk to me is the corporate governance faltering, as they have a history.
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