Data patterns conducted Q2 FY23 con call on 1 November 2022
Here are the key highlights of the call 👇👇👇
Here are the key highlights of the call 👇👇👇
• Overview
- Co. received Raksha Mantri award for excellence in innovation & technology
- Indian private sector defence sector co. now has support of government which will bring golden period for co.
- Government target is to increase device production to 32 billion by 2025
- Co. received Raksha Mantri award for excellence in innovation & technology
- Indian private sector defence sector co. now has support of government which will bring golden period for co.
- Government target is to increase device production to 32 billion by 2025
- Co. has different class manufacturing facilities & expanding these facilities
- Co. has a debt free balance sheet & good working capital line
- Co. strategy is to focus on large opportunities in Radar, EW & Satellite business
- Co. is working on expanding export business
- Co. has a debt free balance sheet & good working capital line
- Co. strategy is to focus on large opportunities in Radar, EW & Satellite business
- Co. is working on expanding export business
- Q4 is a significant quarter & seasonality is coming down gradually
- At present co. on launcher business of brahMos, co. do fire control system which is ground based launcher
- At present co. on launcher business of brahMos, co. do fire control system which is ground based launcher
-There are discussion that smaller missile is being planned to be tested. Co. will be doing automatic choice as done for large platform aircraft like Su-30
- Also co. has done missile indigenous development that's been completed & co. is expecting trials to happen in Nov or Dec
- Also co. has done missile indigenous development that's been completed & co. is expecting trials to happen in Nov or Dec
- DRDO was given mandate for development & designing, for which they outsource development & designing for sub system
- Now, co. got orders for development plans & once it is completed then co. will become OE for that part
- Co. is moving from building blocks to end systems
- Now, co. got orders for development plans & once it is completed then co. will become OE for that part
- Co. is moving from building blocks to end systems
- Co. has started delivering to MOD & it is for first time that MOD has placed order with co.
- Co. is generating more pipeline with unique probability contracts are expected
- Co. is generating more pipeline with unique probability contracts are expected
• Financials
- Highest Q2 revenue that increased 1.6 times.
- Development contracts contributed higher to revenue, it is important because development contracts translate into production contract
- Order book stands at 880 cr on date & co. has diversified order book
- Highest Q2 revenue that increased 1.6 times.
- Development contracts contributed higher to revenue, it is important because development contracts translate into production contract
- Order book stands at 880 cr on date & co. has diversified order book
- Co. has spent for new facility & cash in books is at 68cr
Inventory days are slightly stretched due to plan buying ahead of time to mitigate delays due to semi conductor shortage & supply chain challenge
- Co. would be able to maintain working capital days from 280-300 days
Inventory days are slightly stretched due to plan buying ahead of time to mitigate delays due to semi conductor shortage & supply chain challenge
- Co. would be able to maintain working capital days from 280-300 days
-L1 for tanks has nearly 70cr orders for cockpit display & 30cr orders for weapon. loader
- Co. has built 2 radars & these will be long range radar about 4000km tracking. Once this project is completed, co. expect contact for 10-15 times larger size of radar
- Co. has built 2 radars & these will be long range radar about 4000km tracking. Once this project is completed, co. expect contact for 10-15 times larger size of radar
- Co. has increased manpower to sacle up the growth
- Co. will receive around 100cr of advances in 1-2 months from radar order orders that co. has got
- Co. got 2 orders for space surveillance which are very good orders for co. as they are going to scale up
- Co. will receive around 100cr of advances in 1-2 months from radar order orders that co. has got
- Co. got 2 orders for space surveillance which are very good orders for co. as they are going to scale up
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