SJS Enterprises
Top 10 highlights from FY22 AGM
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Top 10 highlights from FY22 AGM
"Retweet" to help us reach out and educate maximum investors.
Let's go!
1.
SJS intends to develop in-mold electronics (IMEs) enabled solutions which find increasing application in two-wheelers, passenger vehicles, consumer appliances, and Electric Vehicle.
SJS intends to develop in-mold electronics (IMEs) enabled solutions which find increasing application in two-wheelers, passenger vehicles, consumer appliances, and Electric Vehicle.
2.
The company comfortably outperformed the end user industry in FY22 akin to its past track record
The company comfortably outperformed the end user industry in FY22 akin to its past track record
3.
The Revenue from passenger vehicles increased from 10.2% in FY18 to 28.7% of the sales mix while that of consumer durables grew from 19.6% to 22.2% which helped in derisking the biz model.
The Revenue from passenger vehicles increased from 10.2% in FY18 to 28.7% of the sales mix while that of consumer durables grew from 19.6% to 22.2% which helped in derisking the biz model.
4.
To benefit from China+1 trend due to ~cost competitiveness Vs european peers
~decoupling of supply chain from China towards India
~Low volume high variety (more SKU's) ~customisation
~new product designs in every 10-12 months
~Chinese specialise in high volume production.
To benefit from China+1 trend due to ~cost competitiveness Vs european peers
~decoupling of supply chain from China towards India
~Low volume high variety (more SKU's) ~customisation
~new product designs in every 10-12 months
~Chinese specialise in high volume production.
5.
Targeting capex of Rs.50-55 Crs in FY23.
Targeting capex of Rs.50-55 Crs in FY23.
6.
M&A will happen only in the aesthetics area where the company holds deep expertise. It also expects to benefit from the network & experience of its private equity promoter-Everstone.
M&A will happen only in the aesthetics area where the company holds deep expertise. It also expects to benefit from the network & experience of its private equity promoter-Everstone.
7.
Extensive in-house training program for its human capital
~operator level &
~management level
Extensive in-house training program for its human capital
~operator level &
~management level
8.
Company doesn't need to relocate its plants (especially for chrome division) closer to its clients since the parts are not very heavy to transport.
Company doesn't need to relocate its plants (especially for chrome division) closer to its clients since the parts are not very heavy to transport.
9.
One of its biggest learning was not foreseeing the market opportunities in aesthetics industry because of which they set up new capacity in FY18 which should have been set up in FY16 in hindsight.
One of its biggest learning was not foreseeing the market opportunities in aesthetics industry because of which they set up new capacity in FY18 which should have been set up in FY16 in hindsight.
10.
ESG initiatives:
A. 20-25% of electricity being sourced from roof top solar plants & 7% from wind energy
B. The company is amongst the top 50 companies for women employees rated by the Great Place to Work Institute, North America.
ESG initiatives:
A. 20-25% of electricity being sourced from roof top solar plants & 7% from wind energy
B. The company is amongst the top 50 companies for women employees rated by the Great Place to Work Institute, North America.
That's it.
All the major points of the AGM is shared above.
Hungry for more?
Check the next 3 tweets.
All the major points of the AGM is shared above.
Hungry for more?
Check the next 3 tweets.
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