GNA Axles, Kulween Sheera, ED
- Demand outlook is good for Exports as well as domestic, Off-road as well as commercial vehicles
- Off-highway (Tractors) domestic market can see growth at 7-8% in coming year
- Order flows - 70-75crs per month overall (Exports + Domestic)
- Our sales consists of 50% off highway and 50% CV's
- Margins will be impacted in short term due to increase in steel prices
- Once prices are stabilized we can expect 15-16% margins
- Market share in tractors is 50-55%, we are increasing some capacity and once machines are in place we can cater to more clients
- 50% of our sales is from exports, expect growth of 10-15% in exports
- Expect 15-20% overall growth for FY 19, mainly lead by volume growth
- Right now total capacity is 4 million components and utilization is 80-85%
- In 18-19 there will be addition of 500,000 components in existing setup and In 19-20 more 500,000 components in new setup
Full Interview :
https://www.youtube.com/watch?v=mGrTwE40Fak
GNFC – Rajiv Gupta, MD
- TDI demand is very steady, we have 5000 tonnes of export backlog of TDI
- TDI prices are hovering around 4000-4200 $ except a few erratic price offerings by some companies
- We have improved our capacity utilizations from 73% to 93% (FY18) and this year our target is 110%
- Squared off debt of 880 crs this fiscal
- Brought down working capital from 1700 crs 3 years back to level of 225 crs, our target is to make it zero
- Some of the plants have done very well like Aniline, Formic acid, Technical grade urea and Ehyl Acetate
- Our company should not be evaluated only in terms of TDI business, in last 3 years we have registered a growth of 90% in non TDI business
- Non TDI segment is also doing well
- Board has authorized capex in Acetic acid and Formic acid
- We have made our self completely insulated as far as any water crisis are concerned
Full interview:
https://www.youtube.com/watch?v=4u656NIIeY0