Few key items from the Q1 2023 conf call.
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If raw material cost stabilize, co aims for an approx 1800 crore revenue (based on the assumption of 50000 tonne capacity with a blended sale utilization of the current Rs 3.55L per tonne).
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Cash discounts provided to improve WC cycle and thereby increasing the ROCE. Expect WC cycle days to come down to 70 this fiscal and eventually to 60. Current WC days around high 90s.
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With CAPEX planned, peak debt to be around 360 crores. Railways is the key customer.
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EBITDA per tonne would be around Rs.40000 but expect to improve to Rs.45000
At a current EBITDA multiple of around 9, would be interesting to watch the company’s execution plans
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