Excellent sets of no. by Ghcl. Heard concall of Ghcl. My takeaway from concall are:
- With the appreciation of dollar against rupees, import of soda ash come down from 23% to 13%. Kindly note that India is net importer of soda ash. Soda ash is now more costlier to import from foreign countries. Thus rupees dollar equation will further lead to robust demand of Soda ash in India.
- Huge demand of solar glass and flat glass due to green energy is also maintaining robust demand of soda ash.
- Lithium ion battery in which soda ash is used will be next driver of demand growth as per management.
- NTPC has again started experimenting the use of sodash in flue gas treatment which can open new Avenue of soda ash in next leg of growth.
As per management, robust demand is likely to continue for next 2 years as no capacity is coming in that time. After 2 years some capacity will come in Mongolia that can eventually get absorb with the growing demand of soda ash.
Disclaimer: Imo I don’t see anything bad in results. Infact it’s superb fantastic results.Future outlook looks very positive.Demerger is on track of textile division. FII has increased its stake.
My views can be biased. Invested and holding from 166 levels. Let’s see how future unfolds.
https://ghcl.co.in/wp-content/uploads/2022/07/Quarterly_Results_2022-23_EMK0320220728142425.mp3
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