Lakshmi Electrical control system AGM meeting details:
- Orderbook: As the company has very short delivery cycle and hard to predict for the long term basis and its as per customer requirements.
- Customer Acquisiton: Company is looking to add customers in electrical, plastics, ev chargers and smart meters.
- plastic segment opportunity- products consists of industrial and medical plastics and focusing on adding customers on yearly basis.
- EV and smart meters Opportunity : GOI is promoting the state discoms to implement smart meters and currently company is working into ac and dc chargers for 3w and 4w, single and three -phase energy meters.
- Capex - Estimates would be on business requirements on time-to-time.
- Margins - Its low due to raw material availabilty and customer demand and raw materials prices haven’t been recovered fully.
- promotors holding - Currently the promoter holdings is low but it would increase its holding as and when appropriate.
- Growth- Prof. have been hired already for the growth and company is working towards it.
- Roadmap - It wants to be a active player in electrical segment and looking to scale up new products.
- Revenue segments - textile, cnc, compressor industry.
- Automation of plants- Its under process and it would be starting in H2 of FY24.
- Products - assemble control panels for required for textile machinery and cnc machinery, manufacture industrial plastcs, use steel cabinets which products electrical components for panel assembly and polymer for industrial plastics.
- Company has done technology absorption for smart meters for which details can be seen in the annual report.
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