Business Update:
β’ Q4 was the best quarter for century in history of co.
β’ Laminate has shown very good performance with increasing margins.
β’ Q1 FY22 has been affected due to covid, however things have improved now.
β’ Strengthen the balance sheet and net debt near to 0.
Capacity Utilization & CAPEX:
β’ Plywood capacity has been ramped up and now is 100%+. Capacity would be increased here, with CAPEX spent.
β’ Laminates: Current utilization is low. Hence capex can be in next year. Laminates can add another 15-16%
Cera Sanitaryware Ltd, conducted their today at 10:30 AM.
"Co. expects to double itself after every year"
Here are the key takeaways π
Business Updates:
β’ Macro Outlook and increasing demand drives growth for the company.
β’ Company has been back to pre covid level growth, and mgmt expect overall demand to exceed supply.
β’ Working capital has been improved with improvement in receivable days.