Q3’22 management concall:
- Company is net debt free. Invested 15cr in mut funds for tax purpose
- Net debt was 46 cr as on Dec 31 and 134 cr as start of year. Net debt will not cross 50-60cr after capex
- Increase in tonnage 10,10,000 tons growth of 15% over last year nos. Daily tonnage was 10,900 tons
- Few sectors below have shown tremendous growth over last year
Sector | Growth over last year |
---|---|
Agri products, equipment | 47% |
Automobile | 25% |
Education | 31% |
FMCG | 23% |
Footwear | 36% |
Metals, hardware | 28% |
- 5% rate increase for non-contractual tonnage ~ 65%( if costs are constant, this is 300 bps margin accretive)
- Started bulk fuel procurement mid-dec, 2rs cheaper than retail
- Lorry hire will not go beyond 10-12% if revenue.
- Not taking price hikes in new markets to gain market share
- 12% of volume was from branch addition in last 2 years
- Capex of 1600 vehicles out of which received delivery of 800 vehicles and other 800 by September
- Promoter will participate in buyback
- Unorganized sector like dryfruits, leather, coconut will lead the 15-20% annual growth
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