AGM notes (There could be some errors):
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There were certain price corrections in last 4 months as a result revenue has grown nominally.
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bottom line done well.
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If the prices correct company will do well in this month.
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There are exciting opportunities ahead due to thrust of indian govt on semiconductors, EV and reneweables. They need significant metal finishing.
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We have products in these segments. If we can participate in these segments, there could be exponential growth in the company.
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Our regular products have good market share in – surface treatment, oil doing well…overall market is very positive.
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In these segments, company is seeks to increase share in the market.
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electronics offers new opportunites and exciting time for our company
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We are trying our best
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We have this year 3 new capex/projects in planning.
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3 new factories – different parts of countries.
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go into production by end of next year.
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certain new verticals beyond electronics
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change in industry structure.
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geopolitical istuation is risk factor.
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63% chemicals of sales and 81% of PAT.
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100 people R&D …total expenditure 1.23cr capex…
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big plan for a new R&D center.
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trade discount is given to distributors…discounts and commissions for distributors.
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engineering business 40-50cr order book which is a very good increase
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We bought kamtres – electroplating company since 1989 – manufacturing equipment of PCB
– growel does not have siginficance in this product.
– engineering business getting a push
– expnad in market. -
chemical business is risk free…through dsitbrutors…payment on time/advance.
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Capacity utilisation is 39% to 70% in different factories.
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mall ocupancy 91% march 31…94% on july 31…
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3 areas of big potential – semiconductor, EV, reneweables – electroplating plays big role.
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There is a big opportunity.
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2 plant under construction – paints and electroplating.
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paints and lubes are big size opporutnities. We have small share…
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