PG Electroplast – Potential for cooler returns?

Q2 FY25

1. The company has revised the guidance of revenue from 3650 cr to 4250 cr and pat from 216 cr to 250 cr. And have said that they have orders book to fulfill this till March 2025.
2. 370 capex on going in Bhiwadi, Rajasthan for ac and in Noida for washing machines and in the expansion of Supa plant (from 370 cr, 165 goes to product business(plant and machinery) and 185 cr goes to the acquisition of land (infra) and 20 goes to maintenance capex(for plastic molding and sanitary product)
3. only looking for organic growth ( when asked if they will acquire some company for growth from 1500 QIP).
4. Inventory may seem high because the company said supply chain challenges might be faced in the coming month, so they have kept necessary items in inventory to fulfil guidance.
5. The company is not looking to reduce debt significantly right now
6. The company has created a separate team to look into the export market. And probably look into export in 1-2 year in Middle East and Africa part