Some more points to add by summarizing my learning from latest concall and investor presentation:
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Revenues are split into Road products such as CRMB which are 30% and rest 70% is non-road. Non-road is split equally between tyre and non-tyre such as rubber mats, tiles, conveyors, many such rubber products.
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Tyre crushing capacity utilization rate is 90% this fiscal, reclaim or de-vulcanization is only 60% full. It seems they claim that road products are being better managed now.
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50% tyres are imported, fall in shipping rates helps here.
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Tyre recycling policy has been cleared but yet not officially notified, may take a few months and it appears kicks in phases starting with tyre makers being responsible to ensure end-of-life management of 25% of their output initially, and this increases every 2-3 years by 25% to 50%, then 75% and finally 100% at the end of a decade or so.
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Growth is expected from all product segments, some more some less, average claim is still 25% cagr. Rationalization among various plants and Gummidipoondi scale-up will be enough for a year or so. On look out for future acquistion or greenfield. Oman plant is quite tiny yet in scale of things, starts in Q1 FY24.
Disc: invested
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