Kalyani Cast Tech ltd
M.cap – 338 cr
- One of the Rare SMEs where the bet is on the promoter
Promoter (Naresh Kumar)
Mr. Naresh Kumar who is the Promoter and Executive Director of the Company. Has worked in Indian Railways at lower and middle level of management for 17 years. Designed and developed special containers for logistics industry including Indian Railways. Architecture for various innovative idea in multi modal viz running of double stack container trains and double stack dwarf container trains on IR network. Implemented use of FRP (Fiber Reinforced Plastic) flooring in containers for the first time in the world which is giving enhanced life with lower tare weights of containers
Industry Overview
In FY23, railway freight volume stood at 1,109.38 MT which depicted year-on-year growth of 8%. Since August 2020, the Indian Railways has run 450 Kisan Rail services and was able to transport over 1.45 lakh tonnes of agricultural produce & perishables RailTel, a PSU under the Railway Ministry, which provides fast and free Wi-Fi across the In November 2020, India Railways announced that 40% of dedicated freight corridor (DFC) will be opened for traffic by end-FY21.
India is among the top three exporters of railways globally as of 2022. India’s export of railways has grown at a CAGR of 31.51% during 2010-18 to US$ 507.90 million. Exports of railways in 2021 stood at US$ 633.27 million. Indian Railways is developing and creating technology in areas such as signalling and telecommunication with 15,000 kms being converted into automatic signalling and 37,000 kms to be fitted with ‘KAVACH’, the domestically developed Train Collision Avoidance System.
GOVERNMENT INITIATIVES
The Government of India has adopted few initiatives for the Railways sector in the recent past, some of these are as follows: Under the Union Budget 2023-24, capital outlay of Rs. 2.40 lakh crore (US$ 29 billion) has been allocated to the Ministry of Railways, which is the highest ever outlay and about nine times the outlay made in 2013-14. Indian Railways launched a new tourism product i.e. theme based tourist circuit train – ‘Bharat Gaurav’ to showcase India’s rich cultural heritage and magnificent historical places. In the Union Budget 2022-23: The government allocated Rs. 140,367.13 crore (US$ 18.40 billion) to the Ministry of Railways.
Indian Railways will develop new products and efficient logistics services for small farmers, and small and medium enterprises. It will also take steps towards integration of postal and railway networks to provide seamless solutions for movement of parcels. 94 100 PM-Gati Shakti Cargo Terminals for multimodal logistics facilities will be developed over next three years.
Freight accounts for more than two-thirds of railway’s revenues. accounting for 75.8% of the total revenue in FY22 (until March 10, 2022), followed by the passenger segment.
From Interview
Logistics cost is 13-14% in India. Much higher than china, russia and any other developed nation rail network. Suppose a container comes to Mundra port from Canada. the cost is around 2000$ But now to move the same from Mundra to Delhi – it costs around 1500$ (Surface Cost) Reducing the cost is the theme here. Capacity of 17 TEUS a Day. i.e. around more than 4000 container manufacturing capacity.
About the Company
Originally incorporated as Privated ltd company.
ISO 001:2001:2008 certified casting unit with in-house machining facility. The company has all the equipment, testing and chemical instruments and trained/skilled manpower to meet the requirement of Class A foundry as per IS 12117:1996 (reaffirmed 2007). The company produces a wide range of castings confirming to Indian and International Standards/specifications.
The company has adopted the No-bake system of moulding and having automatic sand plant starting from knock out, screening, cooling and mixing of sand. They manufacture a wide product range of castings, including finished components and are specialists in various types of cargo containers viz ISO containers 20’, 40’ and other special containers including dwarf containers, cuboid containers, special containers for parcel cargo and containers for two & three wheelers.
The company has a diverse range of high-quality castings and specialized cargo containers. The products, include ISO containers of various sizes, dwarf containers, cuboid contaimers, and custom solutions for parcel cargo and two & three- wheelers, have been well-received in the market.
FY24 Results
Revenue at 944.77 Mn, 49.32% YoY
EBITDA at 134…87 Mn, 16.63% YoY
PAT at 95.86 Mn, 19.07% YoY
EPS Fell from 16.06 to 13.35 due to increase in number of Outstanding shares to 7.18 Mn from 5.01 Mn.
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