Top 10 high level updates only, for now (Travelling)
(Getting too many calls, so here’s a quick take )
- 16% Market share in Bimetals
- JV With Arcelor company with 16% stake - has been instrumental - in Bimetals tech/process upgrades
- 10-15% Market share in Shunts. When pressed, if closer to 10, confirmed its higher
- Europe 5G installation/rollout phase - Shunts required - Shivalik delivered quick solution, likely to be the de-facto choice
- Shivalik is the Ref Standard for couple of products
- exclusive supplier to a major Bimetals customer - pushed by the company to deliver unique customised solution
- Global cost leadership confirmation. Added that they are also known for the fastest response times. (there is a 3rd global lead attribute - will check and add from notes)
- EV Shunts opportunity is not possible to quantify as it is still to play out. They are preparing certainly to be in the best position to harness/exploit the opportunity. 8x to 16x shunt requirements in EV than current. Domestic EV will certainly be dominated by Shivalik once it opens up.
- Should a huge opportunity come knocking suddenly, they will be able to put up enhanced capacities at much faster rates than competition - 1/2 the time Competition will take, as they have the complete value chain in-house - in-house custom design ability for automated machinery and inline automated inspection process
- Largest capacity for Shunts globally (already). Another 60% expansion in next 2 years
- Company developed product/solution for a US Customer (on their sustained insistence) in 18 months. Earlier monopoly supplier dictated both price and delivery timeframes. Once product/solution it was revealed by customer that the earlier company took 4 years to develop the same product.
There you go, thats the unfolding story!
Thanks for everyone’s help - in asking great questions at the AGM.
Management gave a lot of time and answered every legitimate question
PS: without benefit of checking my Notes, will refine later when I get the space. Others, please correct inadvertent mistakes, if any, from my side. Could be my excitement …if I got some things majorly off
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