The name of the OEM has been revealed in today’s concall. It is Maruti Suzuki. Now they’re even planning to set up plant at Manesar near Maruti’s existing plant.
Posts tagged Value Pickr
Screener.in: The destination for Intelligent Screening & Reporting in India (27-05-2024)
Thanks
You may consider for quaters, P&L, Cashflow etc. Said so it can be applicable to any field.
For example visit https://www.qualtrim.com, they have good graphical presentation.
Mudit’s Portfolio (Stage Analysis + Relative Strength) (27-05-2024)
As we all know, currently Metals, Wealth Management and capital goods sector are hot and in momentum…
I have created a list after studying their charts and bit of a fundamentals…
Requesting all of you to comment on this.
I have not studied these cyclical sectors in detail…and their cycle can change anytime. But given the infra work going on , basic metals demand will be intact in next 1 year atleast…
Metals
Hindalco
National aluminum
Jindal steel & power
NMDC
Hindustan Copper
Hindustan Zinc
Wealth Managers
CAMS
Nippon India AMC
Motilal Oswal
CDSL
Real Estate
Oberoi Realty
Phoenix Mills
Godrej Property
Capital Good
ABB
Siemens
Energy sector, Defence sector and railway sector I have not mentioned as I already have them in my portfolio. I am in the process of shortlisting and adding out of this list.
Dreamfolks services limited( DFS) (27-05-2024)
Potential is huge in terms of generating topline.
But their business model has a problem that they won’t be able to generate healthy bottom-line %.
The moment they start generating good ROI, AIRPORT authorities will increase their tariff.
Steel Strips Wheels Limited – Attractive Valuations (27-05-2024)
Con-call Highlights - [#SteelStripsWheels]
Steel Strips Wheels Limited (SSWL) - Q4 FY24 Earnings Call Key Takeaways for Investors Financial Performance (Q4 FY24 vs. Q4 FY23 & FY24 vs. FY23): * Revenue: Q4 FY24 revenue increased 6.3% YoY to Rs. 1,068.7 Crores. FY24 revenue increased 7.8% YoY to Rs. 4,357.1 Crores. * EBITDA: Q4 FY24 EBITDA increased 2.4% YoY to Rs. 111.1 Crores. FY24 EBITDA increased 5.1% YoY to Rs. 465.2 Crores. * PAT: Q4 FY24 PAT increased 27.6% YoY to Rs. 60.4 Crores. FY24 PAT increased 13.5% YoY to Rs. 219.9 Crores. Operational Performance (FY24): * Achieved highest ever yearly revenues, EBITDA, net profit and sales volume. * Experienced highest ever domestic CV wheel and alloy wheel volumes. * Witnessed traction in alloy wheel exports, with volume crossing 2 lakhs. * Successfully shifted to new tax regime, reducing effective tax rate to 25.17% from 34.94%. * Completed acquisition of AMW Auto Components Ltd. via NCLT order. * Implemented Solar/Hybrid project with expected annual savings of Rs. 9.5 Crores. * Increased steel wheel capacity to ~20.5 million wheels. * Expanding alloy wheel capacity to 4.8 million wheels at Mehsana plant. * Scheduled production start at new brownfield expansion at Jamshedpur plant by June 2024, adding capacity of 0.5 million wheels. * Anticipating revenue from aluminum knuckle production starting from September 2024 onwards. * Secured a nomination from Maruti Suzuki for alloy wheels and in discussions for additional business opportunities. Future Outlook: * Management expects 10% YoY revenue growth in FY25. * Projecting growth in domestic CV and aluminum wheel segments and the two-wheeler industry. * Forecasting growth in the passenger car steel wheels and tractor segments. * Anticipating 10% growth in exports business, with new product lines like off-road vehicle wheels being added. * **Exploring the potential for a new factory near Maruti Suzuki in Haryana based on further business development. Concerns: * Uncertainty surrounding the impact of the election year on CV industry demand. * Competition from Asian manufacturers in export markets. * Potential cost pressures, particularly employee costs rising faster than revenues. Other Points: * Management focused on providing volume-based guidance due to volatility in raw material prices. * Emphasis on shifting sales mix towards higher-margin products like alloy wheels and exports. * Highlighting the importance of operational optimization through automation and robotics to manage costs. * Positive outlook for aluminum knuckles, with revenue expected to more than double in the coming years. * Successfully negotiated price corrections with OEMs in the passenger car steel wheel segment. * Company aims to reduce debt levels primarily through internal accruals and scheduled repayments. Capex for the next year can be funded entirely through accruals.
Screener.in: The destination for Intelligent Screening & Reporting in India (27-05-2024)
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Screener.in: The destination for Intelligent Screening & Reporting in India (27-05-2024)
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Samarth’s Portfolio & Learnings (27-05-2024)
Thanks for sharing your writeup, seeking your view on below,
- Its highly capital intensive business, debt & dilution going to increase as they are planning for 4 new plants
- isn’t their end products commodity in nature? margin’s will oscillate?