Stockrabit · Analysts
Questions across 2 calls

Nilesh Doshi

Green Lantern Capital

Transformers And Rectifiers (India) Limited

Transformers And Rectifiers (India) Limited CC-Mar24.pdf · 2024-04-08
Hi, Satyen and Chanchal.
Yes, congratulations for moving in the right direction both on the revenue and the margin front. Just one question, What are we doing with Research and Development (R&D) in the field of new product development? In particular, I believe that there are many import substitution products available in our country, and that we may be heavily reliant on imports, such as some transformers components or other new products?Satyen Mamtora: Yes, Nilesh bhai. So, whatever backward integration that we are doi ng, we are working on many projects that will substitute the import that we do for those.
Transformers And Rectifiers (India) Limited CC-Dec23.pdf · 2024-01-22
So, couple of questions, Chanchal. One is that you are targeting about last year revenue in the current year, which means as you alread y committed, you would be doing about ₹ 600 crores revenue this year, I mean in Q4FY24. Now, ours is not a seasonal industry and the capex cycle in our country is moving at a very fast pace, especially on the energy generation and transmission side. So, do we expect that you should be doing about ₹ 2,200 crores kind of a revenue next year?
Yes. The second is you are still alluding about industry average EBITDA margin. But what I see from the industry and the gross margin at which the new orders are being taken by the industry, I think that comes out to be something like at least 15% EBITDA for the new orders and next year. So, how are we placed in that scenario?