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The news came today -
Setting up of Greenfield project by subsidiary
Capex - 130 Cr
Capacity - 18.9 Mn sq ft
Potential Rev - 400 Cr on full capacity
Setting up of Greenfield project by subsidiary
Capex - 130 Cr
Capacity - 18.9 Mn sq ft
Potential Rev - 400 Cr on full capacity
Existing Revenue FY23 - 2026 Cr
20% Addition to the Top line
At 12% EBITDA for at least 8-9 months at 75% capacity (just become operational) can add 20 Cr to existing PAT. (~15% PAT)
20% Addition to the Top line
At 12% EBITDA for at least 8-9 months at 75% capacity (just become operational) can add 20 Cr to existing PAT. (~15% PAT)
Chronology of Events -
Dec-21 Acquisition of 74.91% of HG Industries and greenfield capex announcement
Feb-22 NCD issue of 99 Cr
Jul-22 Capital Raise via Preferential Issue of 195 Cr at 309 to Smiti Holding & Trading Co Pvt Ltd
Dec-21 Acquisition of 74.91% of HG Industries and greenfield capex announcement
Feb-22 NCD issue of 99 Cr
Jul-22 Capital Raise via Preferential Issue of 195 Cr at 309 to Smiti Holding & Trading Co Pvt Ltd
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