very strong commentary in the concall post Q4FY23. volume guidance of 26000 given for the year FY24. That will double its volume from 13000 in FY23.
Also major margin improvement expected in seamless division- EBITDA per kg is 63 right now in seamless. Expected to go up by 40% due to backward integration, ADD duty, industry tailwind.
We can expect the EBITDA per ton of atleast 80,000 in the seamless pipe segment
industry size in India is roughy – 3,00,000 ton , out of which 30% is imported
30-35% of this market is seamless pipes, the rest is welded pipes
i believe out of this 3,00,000 ton around 1,00,000 ton capacity will be with the organised players- like Jindal , Venus and Ratnami. Hence there is a huge scope of eating the unorganised industry market share.
Disc- Invested
| Subscribe To Our Free Newsletter |
