Thread by @SmartSyncServ

AR20-21 Notes begins🗒️

First on the list is

BKT

Boring Business Steady Compounder

Fasten your seatbelt

Here we go!

Hit L&R if you find value.🙂🙏

1/

Snapshot of Financial Performance

~Last 5 years Financial Highlights
~Rupees Earned/Spent (%)

2/

~Off-Highway Tires
~Large Variety Low Volume (BKT has 2700+SKUs)
~Requires pre & post-sales servicing
~Two subsegments Agricultural & Industrial
~Large Market in USA, Europe, Australasia & India

3/

Projects/Expansion

~Brown Field: INR 800 Cr Capex, 50k MTPA
~Carbon Black: INR 650 Cr Capex, 1.15 lac-2lac MTPA
~Upgradation: INR 450 Cr
~ Capex done through Internal Accruals + Debt

4/

~Capital Intensive
~Labour Intensive
~Low technological obsolescence risk
~Low demand fluctuation risk due to large replacement market
~Ultra Large Tires

5/

Risks
~Operational Risks
~Fluctuation in RM prices
~Market Risk
~Labour Relations
~Retention of Skilled Manpower
~Currency Fluctuation

6/

Financials

~Balance Sheet

~Profit & Loss Account

~Cash Flow Statement

7/
~Last 10 concalls notes: bit.ly/3vnfQYn
~5 Min Stock Idea: bit.ly/2TZoT4t
~Stock Infographic: bit.ly/3cHIrAX
~ FY20 AR Notes: bit.ly/3ziJEs6
~Blog Post: bit.ly/3xiMZWd
~Detailed Analysis: bit.ly/3gu2WlP

L&R🙂🙏