SRF Ltd Concall was today at 3.00 pm
Here are the key highlights of the Conference callππ
@darshanvmehta1 @sonalbhutra @ProdigalTrader @Abhishekkar_ @caniravkaria
Here are the key highlights of the Conference callππ
@darshanvmehta1 @sonalbhutra @ProdigalTrader @Abhishekkar_ @caniravkaria
- Specialty chemical: There were enhanced volumes across products. Enhanced volume led to better utilization of capacity of multi product and dedicated plants as well
- Capex is on track.
- Revenue from existing products continue to improve.
- Capex is on track.
- Revenue from existing products continue to improve.
Technical textile business: this segment gave a steady business as there was faster than expected recovery in Tyre industry.
- Domestic demand for refrigerants is picking up.
- Company will focus on sales ramp up from newly commissioned plants in Thailand and Hungary.
- Domestic demand for refrigerants is picking up.
- Company will focus on sales ramp up from newly commissioned plants in Thailand and Hungary.
- Company will focus on products which has more complexity which will improve the margins of the company.
- Refrigerants production is ramped up to cater to the increased demand in Q4 and Q1 of the year.
- Refrigerants production is ramped up to cater to the increased demand in Q4 and Q1 of the year.
- What has changed in Technical Textile business is that there is lower import, there are geopolitical changes, because of this the company's volume has gone up.
- There is push from china +1 strategy.
- There is push from china +1 strategy.
- Major customers have been looking for de-risking themselves and looking for a new supplier even before covid.
- Commodity prices increasing so there may be change in capex numbers as the cement and steel prices have gone up in last one year.
- Commodity prices increasing so there may be change in capex numbers as the cement and steel prices have gone up in last one year.
- Drop in interest cost : Interest rates have gone down at significant levels all over the world. Company had kept the interest rates floating anticipating that. Company has also paid off the interest rates. these are the 3 factors because of which interest cost is low.
- Specialty: there will always be 6-7 campaign that will be running. Demand from agro is very robust. Pharma campaign will also keep running but as agro demand is very robust there might be some focus there.
- Agro push is very significant and the talks for new products with existing customers is going on. Most of the revenue will be sustainable.
- Existing products is doing very good and small capex that the company does will also be value accretive.
- Existing products is doing very good and small capex that the company does will also be value accretive.
- Some new products will also become existing products in next 18-20 months.
- Chemical: replacement market was completely vanished during covid, it is slowly coming back.
- Packaging film's revenue drop of 30 crore, volume growth has been positive. Margin has gone down.
- Chemical: replacement market was completely vanished during covid, it is slowly coming back.
- Packaging film's revenue drop of 30 crore, volume growth has been positive. Margin has gone down.
- Refrigerant capacity utilization: almost all the capacity is being utilized.
- Company will always keep supplying some of the products earlier to customers and some of them will be delayed so QnQ comparison will not be good measure.
- D/E will be in the range of 0.5 to 0.75
- Company will always keep supplying some of the products earlier to customers and some of them will be delayed so QnQ comparison will not be good measure.
- D/E will be in the range of 0.5 to 0.75
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