Salasar Techno Engineering Ltd. Conducted their conference call today at 4:30 pm
" Plans to take the best advantage of any upcoming opportunities that comes up in any industry."
Here are the key takeaways 😁😁...
" Plans to take the best advantage of any upcoming opportunities that comes up in any industry."
Here are the key takeaways 😁😁...
Business Report
- There has been a strong surge in the net sales of the company on YOY levels.
- They have maintained strong hold over international levels, and have even entered into 2 year supply agreement with American tower corporation (ATC)
- 40% growth is expected next yr
- There has been a strong surge in the net sales of the company on YOY levels.
- They have maintained strong hold over international levels, and have even entered into 2 year supply agreement with American tower corporation (ATC)
- 40% growth is expected next yr
- Comapnies revenue is broken into 3 parts, 1. Manufacturing which contributes about 80% of business. It has reduced from Previous year by about 4%.
- And have been compenciate by increase in 2. railway electrification and had stable revenue from 3. Power transmission.
- And have been compenciate by increase in 2. railway electrification and had stable revenue from 3. Power transmission.
- With Strong client base in telecom, power and other key sectors they are confident to grow in future with upcoming 5G rollout plans and 4G penetration leading to infrastructure demand for telecom.
- Govt has also planned to invest a huge sum by 2022.
- Govt has also planned to invest a huge sum by 2022.
- 5g will be for standalone side, and will be under the previous infra points.
- Still they have pending order book and are currently focused to fill it up soon.
- Still they have pending order book and are currently focused to fill it up soon.
- With surge in demand of electricity, more power transmission infrastructure is expected to come.
- This is also boosted by DDUGJY scheme of government.
- And with railways business there is a target to attain 100% electrification by next 4 years.
- This is also boosted by DDUGJY scheme of government.
- And with railways business there is a target to attain 100% electrification by next 4 years.
- The company is expanding itself in areas of their lead clients to provide best service they could.
- Company is able to generate good amount of order from direct parties and low use of auction methods.
- Company is able to generate good amount of order from direct parties and low use of auction methods.
Capex and Innovative
- Company was involved into big Capex plans to setup it's new manufacturing unit for large and heavy steel structures.
- This will be used to build railways over bridges, power plants, metro station and many other projects.
- Company was involved into big Capex plans to setup it's new manufacturing unit for large and heavy steel structures.
- This will be used to build railways over bridges, power plants, metro station and many other projects.
- It is an installed capacity of 15000 metric ton p a, largest in northern India.
- For the Capex, 20cr of funds were received from internal accrual and C warrents.
- This is expected to generate about 100cr plus of sales by next year.
- For the Capex, 20cr of funds were received from internal accrual and C warrents.
- This is expected to generate about 100cr plus of sales by next year.
- New opportunities have also came in with Companies JV with Adrous advisors Pvt Ltd.
- They have received rail order worth 250cr from Bangalore metro corporation.
- Company prior to it has received 6 major orders across India and have regular order flow as well.
- They have received rail order worth 250cr from Bangalore metro corporation.
- Company prior to it has received 6 major orders across India and have regular order flow as well.
- They at present have 3 state of the art facilities which covers a total area of 1,50,000 square yards, delivering a capacity of 1,00,000 MT of steel galvanized and 50,000 MT of Heavy structure.
- With tie-ups from ramboll, Denmark Company has expanded its tower design.
- With tie-ups from ramboll, Denmark Company has expanded its tower design.
- Due to covid, there was longer break for business but now they have recovered a good amount and at present about 60% work force are working on ground with which tasks are Being completed.
- In last 2 months they do have lost some of their ground and are capturing it back.
- In last 2 months they do have lost some of their ground and are capturing it back.
- Last year as Company worked for 10 to 10.5 months , labour was coming back and they had full capacity utilisation and for now they are under 90% utilisation.
Financials
- With good demand and being able to leverage their work, the EBITDA and PAT levels have increased by 100% plus.
- Company has approved issuance of bonus shares in the ratio of 1:1.
- Strong focus is done on export market to increase its foreign market stake.
- With good demand and being able to leverage their work, the EBITDA and PAT levels have increased by 100% plus.
- Company has approved issuance of bonus shares in the ratio of 1:1.
- Strong focus is done on export market to increase its foreign market stake.
- Company has done well compared to last year with jump in its sales volume and Pat levels.
- They raised money in past from issue of convertible warrants and they are expected to be used for business expansion and other expenses.
- They raised money in past from issue of convertible warrants and they are expected to be used for business expansion and other expenses.
- The Comapnies margins are expected to be in range of 10 to 12 % in line with industry.
- Related to prices, the contract are not fixed, the price is fixed on month to month basis from 7th of month to 6th of next month.
- Related to prices, the contract are not fixed, the price is fixed on month to month basis from 7th of month to 6th of next month.
- Company had a big jump in their other income which was due to sale and investment returns apart from the operating business.
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