Titagarh Wagons Ltd conducted their Q3 FY23 earnings conference call on 14th February 2023
Here are the key highlights 👇🏻👇🏻👇🏻
Here are the key highlights 👇🏻👇🏻👇🏻
• Overview:
- Co. attained major success in supplying first traction motor which opens a huge market which can be tapped into and can also be used for production of metro cars
- Co. attained major success in supplying first traction motor which opens a huge market which can be tapped into and can also be used for production of metro cars
- Co. achieved production of app 630-650 wagons per month against the existing capacity of 700. Co. is also working to increase this capacity
- Co. has a standing order book of Rs.10,130 cr
- Co. has a standing order book of Rs.10,130 cr
• Project Bids:
- Co. also participated in the Vande Bharat tendor in Nov 22’ for supply of 200 trains with maintenance contract of 35 years. Co. is 1 out of 5 potential bidders in consortium with BHEL
- Co. also participated in the Vande Bharat tendor in Nov 22’ for supply of 200 trains with maintenance contract of 35 years. Co. is 1 out of 5 potential bidders in consortium with BHEL
⁃ With new budget allocation that railways has seen, co. also forsees further demand for Vande Bharat trains
- Co. also participated in a forged wheel sets in partnership with Ramkrishna forgings & have submitted a joint bid to Indian railways
- Co. also participated in a forged wheel sets in partnership with Ramkrishna forgings & have submitted a joint bid to Indian railways
• Capex:
- Capex incurred in last 3 years is around Rs300 cr
- In next 4.5-5years Co. expects to spend Rs1000 cr
- Capex spent is on the basis of bottoms up approach
- Capex incurred in last 3 years is around Rs300 cr
- In next 4.5-5years Co. expects to spend Rs1000 cr
- Capex spent is on the basis of bottoms up approach
• Financials:
- Co. has reduced its debt significantly to become a net 0 debt co.
- On Q-on-Q basis Co. expects EBITDA margins to be 8-10%
- Co. has reduced its debt significantly to become a net 0 debt co.
- On Q-on-Q basis Co. expects EBITDA margins to be 8-10%
⁃Co. suggests not to compare EBITDA margins of previous quarters as it will not give a very reflective picture as Co. execute many contracts some have a higher margins and some lower
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