Stylam-update from credit rating 2023 and concall
STYLAM
1…Capex
A…40 cr@For modernization and automation of plant that will increase capacity @ 10-20%
B…Rs 125 crores to Rs. 150 crores.
=The company has reached about 80% capacity utilization level in the laminates division.
=Board had approved the proposal for setting up a plant for the manufacture of laminate & necessary approval is being obtained
=We have already started, architecture, land is already with us. We have applied for government
approval. We are quite hopeful that we will complete this project maximum within 10 months
to 12 months from now onwards.
2…We recently received a Certification from NSF International, USA for our Solid Acrylic Surface products
=NSF International, USA recognized and certified Stylam authorizing the
Company to bear the NSF mark.
3…Domestic business.
=We are growing, some slow growth is happening in major brand every
quarter there is increase in the sales.
= That we are doing, we don’t know about 3 years, but we are quite hopeful that things are going better in long run
4…Acrylic business
=Last year we did a total sale of Rs. 21 crores in full year.
= 9.52 crores Acrylic sales in Q1
=It will take longer time for significant revenue from acrylic segment.
Disc…invested
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