Q4FY24 Concall Update
CAPEX
Capex has delayed from June to November due to temporary restriction caused by availability of water
Way forward for Solar Revenues
As the capacity will increase management is less likely to sell solar power as the captative requirements will Increase
Catch up with Peers in terms of key metrics
| Shri Keshav Cements Now | Shri Keshav Cements After CAPEX | Competition | |
|---|---|---|---|
| Power Consumption | 100 – 110 Units Per Ton | 65-70 | 50-60 |
| Fuel Consumption | 1100-1200 kilocalories per ton | 750-800 | 650-700 |
Expected ROI post CAPEX – 20% – 22%
Guidance on Utilisation Levels and Others
FY 25 – 60-65%
FY 26 – 65%
FY 27 – 75%
Which meant in FY26 management expects utilisation will be at 65% post CAPEX of 10,00,000 Capacity the volumes will be 650,000 Metric tons. If we look at FY24 Volumes it is 246,000 Metric Tons which is 164% higher volumes
EBITDA per ton without solar benefits management is targeting 900 – 1000 with solar benefits its 1500
Strictly, No Recommendation
Open for discussion!!
Disclosure: Tracking position, for educational purposes & can be biased
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