Galaxy surfactants Ltd, conducted their conference call today at 12:00 pm
"Creating a strong digital brand for itself and consolidating to further building upon it."
Here are the key takeaways 😁😁...
"Creating a strong digital brand for itself and consolidating to further building upon it."
Here are the key takeaways 😁😁...
Business Report
- Company has delivered a strong growth for this year with lockdown situation prevailing in major of their plant areas.
- Persistent partnership made by Companies have helped them to survive such tough times.
- Company has delivered a strong growth for this year with lockdown situation prevailing in major of their plant areas.
- Persistent partnership made by Companies have helped them to survive such tough times.
- Company has grown its market share in both domestic market as well as the rest of the world.
- Indian markets grew by 5.8%, African markets grew by 13.4% and rest by 4% approx.
- But in terms of volume domestic markets had Grown the most but ROW de-grew by 7%.
- Indian markets grew by 5.8%, African markets grew by 13.4% and rest by 4% approx.
- But in terms of volume domestic markets had Grown the most but ROW de-grew by 7%.
- Company has faced logistics issue in past but they are managed as of now and are expected a positive move for the company.
- Subsidiaries has done very well for this quarter and same is expected in future as well.
- India glaycols is not a competition for they as of now.
- Subsidiaries has done very well for this quarter and same is expected in future as well.
- India glaycols is not a competition for they as of now.
- They have strong customer base, and are in very strong position to capture any change in trends that is presents in market.
- Companies sector won't come under PLI scheme by govt.
And related to China +1 situation no Major statements can be made.
- Companies sector won't come under PLI scheme by govt.
And related to China +1 situation no Major statements can be made.
Product segments
- Company has 2 key areas
1. Performance Surfactants and
2. Speciality care
- In this mix performance surfactants contribute about 64% of revenue and rest from care products.
- Speciality portfolio are been build upon for more growth in future.
- Company has 2 key areas
1. Performance Surfactants and
2. Speciality care
- In this mix performance surfactants contribute about 64% of revenue and rest from care products.
- Speciality portfolio are been build upon for more growth in future.
- Speciality products had got hit by the pandemic but with the revival of market they are bullish on future growth and have made manufacturing plants ready for that.
- For performance surfactants products in near by geographies are doing good and surfactants products are spread all across world.
- Comparison with other countries like China is very difficult due to differences in The products mixes
- Comparison with other countries like China is very difficult due to differences in The products mixes
- They have about 78 approved patents for their products, 13 more are applied globally.
- More RnD focus is been done to develop new product and cater any upcoming opportunities.
- More RnD focus is been done to develop new product and cater any upcoming opportunities.
Financials
- There has been a strong financial growth delivered by company.
- Their revenue grew by about 20% on QoQ basis and had a strong PAT level growth by 26%.
- The gross margins delivered by company has seen some cost reduction and incentives from Egypt unit.
- There has been a strong financial growth delivered by company.
- Their revenue grew by about 20% on QoQ basis and had a strong PAT level growth by 26%.
- The gross margins delivered by company has seen some cost reduction and incentives from Egypt unit.
- The management wishes to sustain it but it is too early to say it as it has lots of factors to be looked upon.
- For fatty alcohols, There has been a surge in its prices.
- There has been an increase in the raw material prices, but they are more focused to increase demand.
- For fatty alcohols, There has been a surge in its prices.
- There has been an increase in the raw material prices, but they are more focused to increase demand.
- This is because they can then easily pass on the cost to customers.
- Company has taken covid policy for their employees and they have made sure any money is spend for covid 19 for their employees were from Company only.
- Company has taken covid policy for their employees and they have made sure any money is spend for covid 19 for their employees were from Company only.
- Related to investory, they will build up inventory when the situation is very favourable.
- Proper management is done related to EBITDA per ton levels and adjustments are been made in times.
- Proper management is done related to EBITDA per ton levels and adjustments are been made in times.
Capex
- Their Previous Capex has been delayed by 5 to 6 months due to covid, and they want to complete all the projects they began.
- This year around 150cr of Capex amount is been planned. This is higher then last year. Company has faced labour availability issued as well.
- Their Previous Capex has been delayed by 5 to 6 months due to covid, and they want to complete all the projects they began.
- This year around 150cr of Capex amount is been planned. This is higher then last year. Company has faced labour availability issued as well.
- The Current capacity utilisation is in the range of 65% to 70% and changes will be made as per demand.
- Company as received environmental clearance for expansion in jhagadia and suez plant.
- Related to RnD, company incured 8cr of enhancement set up for new products.
- Company as received environmental clearance for expansion in jhagadia and suez plant.
- Related to RnD, company incured 8cr of enhancement set up for new products.
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