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आकार ऑटो

बीएसई: 530621  |  NSE: N.A  |  ISIN: INE864E01021  |  Castings & Forgings

खोजें आकार ऑटो कनेक्शन
अध्यक्षीय भाषण साल : Mar '10
Were you happy with the performance of the Company in 2009-10?.
 
 The Company emerged safely from the recession in 2008-09 with revenues
 of Rs. 5,289.59 lacs during the first two quarters of the 2009-10, up 10%
 over the previous years corresponding figures.  We are happy to report
 that we sustained the momentum with sales of Rs. 6,063.82 lacs during the
 last two quarters of 2009-10. The big picture is that our 2009-10 sales
 picked up 26.58% toRs. 11,353.41 lacs and profit after tax increased 409%
 to Rs. 204.50 lacs. The big message to our shareholders is that our
 performance during the year under review represented a picture of
 consolidation and a foundation on which we expect to grow our business
 across the foreseeable future.
 
 
 Our production tonnage increased from 9,014.11 tonnes in 2008-09 to
 12,009.77 tonnes in 2009-10 following capacity enhancements in our
 parabolic and forgings units. On the other hand, affordable prices of
 steel and nickel helped us strengthen and reduce our working capital
 outlay. The result was that our EBIDTA grew 30% to Rs. 1,065.72 lacs in
 2009-10 and corresponding margin improved 23 bps.
 
 What were some the highlights of your performance in 2009-10Rs.
 
 - We reported fair capacity utilisation at our third unit, which
 commenced operations in the last quarter of 2008-09.  The result was
 that we enhanced revenues from Rs. 320 lacs in 2008-09 to Rs. 2,100 lacs in
 2009-10 from this unit, translating into enhanced profits.
 
 - We registered a 34% growth in the combined sales of unit 3 and unit 4
 to Rs. 4,358.05 lacs in 2009-10.
 
 - We progressively moved from Tier II clients to the Tier I category.
 
 - We registered a 22% growth in the combined sales of unit 1 and unit 2
 to Rs. 6,995.37 lacs in 2009-10.
 
 What develop me ots in the customer industry are favourable for your
 business growth ?
 
 We are shifting our focus from B category customers to the A category
 like OEMs (Tata Motors, Ashok Leyland) and big retailers. Our
 registration among these OEMs is expected to be completed by the end of
 this year and once supplies commence, should help us generate higher
 margins as a larger quantity of value-added products is expected to be
 sold.
 
 We are integrated backwards into the manufacture of alloy steel in RL
 Steels, our Group company. We expect to leverage the availability of
 superior raw material to evolve from a hand tools company into an
 engineered steel organisation manufacturing automotive forgings and
 machined steel. In this respect, we have some positive developments to
 report-, a new leaf springs customer in Egypt is expected to provide
 revenue visibility for the next nine months.  As a result, the evolving
 character of the organisation is becoming visible: from mid-value to
 high-value and from low order book to a high order book.
 
 
 - The Company is already engaged in making an inorganic addition to its
 business. It acquired an automotive commercial forgings company with
 strong OEM clients but is suffering on account of poor working capital
 availability. This acquisition will orient the character of our Company
 towards the value-added segment of the automotive industry.
 
 - There was an approximately 39% jump in sales in the first quarter of
 2010-11 compared with the first quarter of the year under review, which
 augurs well for our performance for the rest of the year.
 
 How does the Company expect to enrich shareholder value?
 
 Through a number of initiatives. The Company expects to graduate to the
 value-added end across its various product segments, acquire assets
 cheap, maximise asset utilisation, shrink project costs, graduate
 towards lower gearing and generate adequate resources for reinvestment.
 The sum of these initiatives is expected to translate into revenues of
 Rs. 15,000 lacs in 2010-11. We will reach a new high in 2011-12
 (following the completion of our proposed acquisition).
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `1116.79 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `450.36 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `58.91 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1197.47 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `1280 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `22.75 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शंस में `1.60 Cr की बिकवाली
  • CS ON AUROBINDO PHARMA : रेटिंग Neutral से घटाकर Underperform
  • CS ON AUROBINDO PHARMA : लक्ष्य `450/Sh से घटाकर `345/Sh
  • HSBC ON BAJAJ FIN : BUY रेटिंग, लक्ष्य `4,860 से घटाकर `3,750/Sh

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