RACL Geartech –
Q4 and FY 24 results and concall highlights –
Company’s product profile includes transmission gears and shafts, sub assemblies, precision machined parts, chassis parts and Industrial gears
Company has 02 manufacturing facilities in India ( Gajraula and Noida ) and 03 warehouses in Europe
Q4 outcomes –
Sales – 115 vs 96 cr
EBITDA – 24 vs 23 cr
PAT – 8.5 vs 9.5 cr
FY 24 outcomes –
Sales – 433 vs 367 cr
Gross Margins @ 71 vs 70 cr
EBITDA – 101 vs 90 cr
PAT – 40 vs 37 cr
Company has 22 active customers for its products ( globally )
Company has been awarded Tier – 1 supplier status by a premium German car manufacturer for manufacture and supply of parking lock mechanisms. Mass production for this is expected to start in Feb 26
Company lost some business in FY24 due mismatch in Gear Grinding capacity. The same has now been rectified. Gear grinding is one of the most important part of their manufacturing process
Company is targeting a revenue of 550 cr for FY 25. That’s almost 30 pc growth from 433 cr topline it clocked in FY 24
Company has strong relationship with ZF group. In coming years, revenues from supplies to ZF group should contribute Double digit revenues for the company
Disc: hold a small tracking position, looking out for improvements in Quarterly results before adding, not SEBI registered, biased
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