Mitsu Chem Plast conducted the conference call for Q4 FY22 today.
Here are the key concall highlights
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Here are the key concall highlights
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Business Updates:
β’ Key raw material Polythene & Polypropylene had seen rapid rise due to rise in raw material cost.
β’ Margins were maintained due to operational efficiency maintained by company.
β’ WTI Crude rose to 107 Barrels increased by 9rs MoM.
β’ Key raw material Polythene & Polypropylene had seen rapid rise due to rise in raw material cost.
β’ Margins were maintained due to operational efficiency maintained by company.
β’ WTI Crude rose to 107 Barrels increased by 9rs MoM.
Industry:
β’ Geo-politics impacted the raw material prices and mgmt expect volatility remain same in coming quarters.
β’ Re-cycle industry will take time due to availability of raw material.
β’ Geo-politics impacted the raw material prices and mgmt expect volatility remain same in coming quarters.
β’ Re-cycle industry will take time due to availability of raw material.
Revenue Share:
- Molded Industrial Packaging: 83.67% (43% growth YoY)
- Hospital Furniture: 14% (50% growth YoY)
(Infra Furniture contributed 2% of revenue)
β’ Volume Growth in FY 22 has been 28%.
β’ 15+ Clients added in Q4. Top 20 customer generated 75-80% of the business.
- Molded Industrial Packaging: 83.67% (43% growth YoY)
- Hospital Furniture: 14% (50% growth YoY)
(Infra Furniture contributed 2% of revenue)
β’ Volume Growth in FY 22 has been 28%.
β’ 15+ Clients added in Q4. Top 20 customer generated 75-80% of the business.
Operations:
β’ Co. is planning for fund raising, which will be utilized for growth strategy only.
β’ Capacity: 22,800 MTPA with Utilization in FY22- 64%.
β’ Around 80-90% of increase raw material cost to the customer.
β’ Co. is planning for fund raising, which will be utilized for growth strategy only.
β’ Capacity: 22,800 MTPA with Utilization in FY22- 64%.
β’ Around 80-90% of increase raw material cost to the customer.
Other:
β’ Long term borrowing reduced by 10.7% to rs 28.6cr, which reduced the interest expense by 6% YoY.
β’ Working capital cycle improved to 84 days from 90 days.
β’ Receivable growth has been in line with revenue.
β’ Long term borrowing reduced by 10.7% to rs 28.6cr, which reduced the interest expense by 6% YoY.
β’ Working capital cycle improved to 84 days from 90 days.
β’ Receivable growth has been in line with revenue.
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