Yesterday only there was conference here is the summary of it
- Difference between hariom and other players is that Hariom has it’s own raw material and that’s why the margins are higher and they don’t use coal
- it’s eco-friendly
- Some of the products can’t be made by their competitors and they have a monopoly in certain value added products
- Saved nearly 26 crores in power cost in the last
9 months due to 2 MW renewable power capacity
- They will help with dealer financing in order to bring receivables down significantly
- Will start dividend policy from next year
- Guidance for this year is intact
- Right now, 50% capacity utilisation - there was a small delay in the latest plant - can go to 80% next year
- Not competing with JTL and Apollo because they are into customised products, so it’s a different customer and different application - mostly into infra, fan, auto - Working with Asia’s biggest fan manufacturer
- Q4 will be the highest topline ever - crossed
1100 crores by February already
- Scaffolding EBITDA per tonne is 12,000 but the volume is low as this is a customised product. Rs, 8,000 Rs for galvanised pipes and 7,400 for MS pipes - average is lower due to coils and the average holding period is 15 days
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