AR 2022 Notes
Premium Products
Total Employees – 1257
6000+ sku
175 customers
New Product Development We are building new capabilities to introduce in-mould electronics (IME) solutions, which allow integration of electronic chips and circuit boards within a plastic injection moulded part. This breakthrough technology finds increased application in two-wheelers, passenger vehicles, consumer appliances, and electric vehicles (EVs).
Capex & Growth Projections
we are firmly focused on building our chrome-plating capacity from the current level of 1,300 million revenue per year to generate almost 3,000 million of revenue at full capacity. This would entail a capex of approximately ` 1,000 million over a span of 18 to 24 months and generate an ROCE of 20% at full capacity. Higher capacity will also enable us to pursue exports and acquire new customers in India and abroad for chrome-plating business. We have appointed sales representatives in international markets including Turkey, Brazil, and Argentina, and intend to explore similar opportunities in other countries too.
Plants
1000 million as cash & Bank Balance
Operation Highlights
Added marquee customers like Kia India, Ola Electric, Minda Industries, MG Motors, Stellantis, Ultraviolette Automotive
Won key business projects from Continental, Morris Garage, Honda & Hyundai, etc
Bagged prestigious order for HMSI’s maiden motorcycle entry in the huge 100cc bike segment
Developed Products for EV segment and started supplies to Ola Electric and TVS iQube
ESOP Policy
SJS has a unique ESOP policy, which was distributed to around 250+ employees in FY 2021-22, and will have a vesting period of 3-5 years to motivate employees
Statutory Auditors:
M /s. BSR & Co. LLP, Chartered Accountants
Subsidiary
Exotech Plastics Private Limited
Short Term Borrowing – 126 million
Dispute with respect to the land purchased recently – I believe this the same land for capex plans, this needs to get sorted quickly
Revenue Concentration
Customer individually accounted for more than 10% of revenue
Customer A – 679
Customer B – 450
A total of roughly 30% of the revenue comes from two customers
Small Acquisition of 10 cr
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