Further, the geography mix is probably important to track. Exports has higher margins than domestic business in bimetals business.
Below is the snippet regarding the pricing and margins question. Evidence that bimetal business is more profitable than shunts due to consistent end consumers and not having to deal with Chinese competition which is there in shunts. On top of that, within shunts segment, there is better margin with automotive customers due to technology (slightly specialty business in shunts) vs smart meter (more like commodity business). So, another metric to track would be growth of shunts in smart meters vs automotive & other segments – this can be slightly difficult.
Overall, track exports v domestic (exports is higher margin) and product mix + growth for shunts with respect to end consumer (automotive is higher margin v smart meters)
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