- 4th plant in Gujrat is expected to commence from March 2023
- Reason for margin suppression : Maruti suzuki shutdown in December and volume has not been what anticipated.
Situation is now better. - No such debt. there is cash on book.(38 cr cash)
- Capacity utilization : NCR-82-90% Bangaluru : 60-70%
- capex for both bangaluru and Gujrat plant is around 30 cr. Bangaluru plant started around August 22.
Bangaluru plant is mainly for Toyota. - Asset turnover ratio will be 6.78% on new capex.
- Q4 used to be best quater. margin should improve.
- Next quater there will be better capacity utilization. Following quater Revenue will improve due to Maturi new launches.
- Company is actively looking for new clients and new product.
- Company will start supply seats for Jimmy and Fronx Models for Maruti.
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