Hi,
As we all know KSL has acquired Kamineini’s plant for Rs. ~450 cr which has capacity of 350,000 MT.
On Kamineine’s website it is mentioned that they manufacture Billets:
If my understanding is correct, Steel Billets have realization of ~Rs. 40-45,000/ MT, right or am I wrong?
KSL’s current realization are almost Rs. 75-77,000/MT
| (All Rs. In cr) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Total Revenue (Rs. cr) | 1,706 | 1,899 | 1,959 |
| Total Volume | 2,28,578 | 2,45,364 | 2,47,500 |
| CU% | 91.4% | 98.1% | 99% |
| Blended realization (Rs/MT) | 74,635 | 77,395 | 79,152 |
| RM Cost (Rs. cr) | 967.3 | 1185.0 | 1120.8 |
| RM Cost per tonne (Rs/MT) | 42,317 | 48,294 | 45,285 |
| Gross Profit per tonne (RS/MT) | 32,319 | 29,101 | 33,867 |
| EBITDA (Rs. cr) | 338.6 | 245.7 | 371.0 |
| EBITDA per tonne | 14,812 | 10,012 | 14,988 |
I have 3 questions from this:
- Will KSL sell commodity Billets from Kamineini’s plant or Carbon/Alloy it after processing?
- What could be the realization and EBITDA/MT of Kamineni’s products?
- Is Kaminein’s entire capacity available for production or actual utlization would be lower because the plant is old?
Would be great if anyone tracking thye Co. closely could enlighten on this. Thanks
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