Thanks. I was just going through Tarachand’s concall the same is in my Track list too since i guess 5-6 months
few points why Tarachand is different than any other crane rental company
- Tarachand is dependent upon the capex cycle of the economy they don’t have any contribution from the wind energy
- Sanghvi’s no. you see are the den of Wind energy portfolio if you go through their presentation more than 50% of Revenue is directly from wind energy and 2-3% from EPC players of wind energy
Now for Tarachand the revenue comes from 2 types of projects → long term capex projects in underlying sector which are of 2 years or more and maintenance projects which are of 2 -3 months duration
Considering the elections in this year i doubt there will be ramp up in the economy as a whole before results in traditional capex. the same can be taken from concall. they are planning to add 40-50 crores of machines to the fleet in next FY around 22 - 25% of net block and unlike other industries there’s no gestation period here day 1 p chaddha sakte ho on rent
and hence for me that 7-8 months of no ramp up was the situation for me
for crown the top line is too small to have this effects
I’ll consider buying the same if i get good price
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