Thread by @TYMFinance

Garware Hi-Tech Films conducted Concall today Q1 FY21

Here are the conference call highlights.

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Business Updates:

• With 100% capacity, company witnessed health demand from all the products.
• PPF is getting acceptance in diverse market, and is targeting 40% utilization this year.
• Exports contributed 81.5% of sales.
• Value Added contributed 80.4% of sales.

Revenue Mix:

- Thermal: 3% of revenue
- CPD: 46% of revenue
- IPD: 51% of revenue

Products Updates:

• In window films, demand is far higher than supply, and co. is unable to meed demand.
• In Industrial products, company is able to meet the demand.
• 23 Channel partners for PPF Films in India, which is growing QoQ.

PPF Films:

• PPF films works for 5 year, and co. also give 10 year of warrants in global market, which won't affect the paint of the car.
• Usually, during re-sale sellers usually take of PPF films, which again make car newer one.

Mgmt:
• Three daughters of Mr Garware are managing different part of co.
- Monica: Managing Production, Finance & product
- Sarita: Managing Finance and HR
- Sonia: International Marketing.

And they keep rotating their task force.

Margins:

• Co. has passed on the prices to the customer.
• Many of the long term contracts are getting complete next quarter, hence prices would be passed on the customer.

Other Data:

• Processing charges is on some of the product getting manufactured of intermediate production from sister co. of Garware, which is on the arm's length basis.
• Continuous to invest in brand investment.
• Co. won silver rank in one of the event in Orlando.

CAPEX:

• Planned CAPEX of 270cr has been tranched by GHFL, which is fungible, and as per demand co. enter that specific product.

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