Nov 4, 2019 (Thomson StreetEvents) - Yahinduwe Inyandiko mvugo ya Astral Poly Technik Ltd yinjiza amafaranga yo guhamagara cyangwa kwerekana kuwa gatanu, 25 Ukwakira 2019 saa 9:30:00 za mugitondo GMT
Banyarwandakazi, umunsi mwiza, kandi murakaza neza kuri Astral Poly Technik Limited Q2 FY '20 Ihuriro ryinjiza Ihamagarwa ryakiriwe na Investor Capital Services Limited.(Amabwiriza ya Operator) Nyamuneka menya ko iyi nama yanditswe.Ubu nshikirije inama Bwana Ritesh Shah.Urakoze, kandi kuri wewe, nyakubahwa.
Urakoze, Aman.Nibyishimo kwakira Astral kumuhamagaro wigihembwe.Dufite natwe Bwana Sandeep Engineer, Umuyobozi, Astral Poly;na Bwana Hiranand Savlani, Umuyobozi mukuru ushinzwe imari.Nyakubahwa, nzagusaba gutangirira kumagambo yambere hanyuma wohereze ko dushobora kugira ikibazo cyibazwa.Murakoze.Kuri wewe.
Murakaza neza mwese kubisubizo bya Q2 kandi no mugihe cyamatara, Diwali.Banza rero utangire, tubifurije umwaka mushya muhire kandi utere imbere hamwe na Diwali nziza.
Umuntu wese agomba kuba yaranyuze mumibare Q2 nibisubizo.- - reka ntangire kubucuruzi bwacu bwa Pipe.Ubucuruzi bwa Pipe bwakoze neza cyane kuva mu gihembwe 2 gishize.Ni munzira yo gukura cyane.CPVC yagiye ikura nkuko PVC yagiye ikura kimwe.Muri iki gihembwe gishize, nkuko buriwese abizi ko, hari inshingano yo kurwanya guta imyanda kuri CPVC kandi ikaba yaranafashije Astral kudatera imbere gusa mu turere dutandukanye, ahubwo no kongerera abafatanyabikorwa b'umuyoboro no mu turere dutandukanye.PVC nayo yari ifite ikibazo cyayo cyo kuzamura ibiciro ndetse no kuzamuka kuko benshi mubatanga plastike bagize ibihe byo kudatanga ibicuruzwa mugihe gikwiye nka CPVC na PVC.Ibyo duteganya kuva mumezi 6 uhereye none, ko tuzagira iterambere rihoraho mubice byombi bya CPVC na PVC kumurongo wibicuruzwa byose Astral ikora.Cyane cyane mugice cya CPVC, mugihembwe gishize, twakoze kandi neza mubucuruzi bwacu bwa Fire Sprinkler.Twakoze umubare mwiza wimishinga.Amasoko menshi mashya yatangiye gukoresha CPVC mumashanyarazi.Twongeyeho kandi urutonde rwimyanya muri CPVC mugihembwe gishize kandi mubyukuri bizajya ku isoko guhera muri iki gihembwe.Twakoze rero kwaguka mubikorwa bya valve, CPVC.Uruganda rwa Ghiloth mu majyaruguru rumaze, mugihe gito cyane, rumaze gukoresha ubushobozi bwa 55% - 65%.Icyo rero nikimenyetso cyiza cyane, kandi twatangiye gukora kumashini yinyongera nkuko bisabwa mumwaka utaha muruganda rwa Ghiloth.Igihingwa mu majyepfo, kwaguka birarangiye.Twatangiye gukora umuyoboro wa borewell uva mu ruganda rwo mu majyepfo kugira ngo tuyigeze ku isoko ryo mu majyepfo: Tamil Nadu, Karnataka, Kerala ndetse na Andhra Pradesh na Telangana ndetse no mu majyepfo ya Maharashtra.Nibimwe mubintu bikomeye byagezweho gukura muri iki gice, aho - aho dukura vuba cyane.Twasoje kandi ibicuruzwa bitandukanye bya PVC, ibyo tutabikora mu gihingwa cyo mu majyepfo, cyane cyane ibicuruzwa biva mu mazi: PVC yera.Ibyo rero byiyongera mubihingwa byo mumajyepfo.Amajyepfo afite icyuho kinini cya metero kare miliyoni 3 wongeyeho, ubu irakora rwose, ifite umurongo wibicuruzwa biboneka kuva icyo gihe.Tugiye kandi kongeramo ibikorwa bikwiye mu gihingwa cyamajyepfo, bizaba - gahunda izatangira vuba mumezi make ari imbere, kandi mumwaka utaha, tuzakora ibikoresho byose byihuta byihuta bya CPVC na PVC kuva igihingwa cyo mu majyepfo i Hosur.Ubu rero Hosur ni ikigo kinini cya Astral, kandi Astral izakomeza kwagura ibikorwa byayo i Hosur mu majyepfo.
I Ahmedabad, impirimbanyi zikenewe kwaguka zikomeje kuba kuri Santej.Ubu tugiye kurushaho kuvugurura uruganda no gutangiza uruganda.Uruganda rwa Ahmedabad, rukwiye, gupakira byose byikora ubu.Dufite imashini zitondagura fitingi ndetse zikanapakira ibikwiye.Twakoze rero automatisation yo gupakira neza, none tugiye gukora automatike yo gupakira imiyoboro.Bizadufasha rero gukura vuba gusa, ariko no kuzigama kumpande nyinshi.
Mu buryo nk'ubwo ku ruganda rwa Dholka, twaguye ubushobozi bwo gukora valve, ubushobozi bwacu bwo gukora ibikoresho bya granite.Urwego rukwiye rwa Agri rwarangiye rwose.Urutonde rwa agri, ibishoboka byose nabanywanyi kumasoko Astral ifite.Kandi twatangiye akazi ko gukora uruganda rugezweho rwo gukora gusa ibice byuzuye byinganda n’amazi - amashanyarazi.Kandi iki gihingwa kizongera gukora mu mwaka utaha.Hariho gahunda yo gukomeza kwaguka ikomeje kubihingwa byose byumuyoboro mubuhinde na Astral.
Imirasire y'izuba - igisenge cy'izuba, twari twarahaye isosiyete izarangira mu kwezi gutaha.Tuzabikora rero - ibihingwa byacu byose bizaba bifite sisitemu yizuba hejuru yinzu hejuru yukwezi cyangwa ukwezi.
Ubutaka twabonye mu Rwanda, kandi imirimo iratangiye, gahunda yo kubaka irahagarikwa.Imishinga yarahagaritswe.Ubutaka bufite - ibice bigomba guhuzwa, bityo twatangiye kuringaniza ubutaka.Kandi vuba, mumezi make ari imbere, tuzatangira ibikorwa byubwubatsi mu Rwanda.Umwaka utaha, ubutaha bw’imari itaha cyangwa mbere y’ingengo y’imari itaha, uruganda rwo mu Rwanda ruzakora neza.
Uretse ibyo, sisitemu yo kuvoma urusaku ruto, tugurisha ku isoko ry’Ubuhinde yanaduhaye iterambere ryiza, atari ku isoko ry’Ubuhinde gusa, ahubwo no kohereza ibicuruzwa hanze.Kandi ubu twemejwe n'imishinga myinshi hano - kwisi, muburasirazuba bwo hagati, igice cya Singapore.Muri Amerika, hari isoko, tugiye gufungura vuba.Muri Afurika, twohereje ibicuruzwa hanze.Igicuruzwa cya PEX, twatangije, PEX-a.PEX-a ni PEX yo ku isi yose hamwe na tekinoroji yo ku isi muri PEX, irahari, yagiye ikora ibyiza.Twabonye imishinga itandukanye muri PEX.Twagiye dutanga PEX ubudahwema mubirango bya Astral munsi yikoranabuhanga rihuza isosiyete muri Espagne.Ibyinshi mubikoresho byabo ubu dukora mubuhinde kandi biva mubuhinde biva mubihingwa byacu ubwabyo cyangwa kubitanga imiringa.Kandi twaba dushakisha hafi kumashini nikoranabuhanga kuri PEX-inganda, igomba kongera gukorera muri Astral mumyaka 1 kugeza 1.5.Tuzakora rero inganda za PEX kavukire mubuhinde, dukore PEX-a, ikorwa kwisi yose namasosiyete make cyane kuko biragoye cyane kuyikora ifite tekinoroji yo murwego rwohejuru, kandi nka PEX, PEX iraboneka muri PEX-a , b na c, ariko PEX-a nigicuruzwa cyanyuma muri PEX, Astral igiye kuzana no kuyigeza kumasoko yu Buhinde no kuyikorera - izakorera mubuhinde mugihe gito uhereye ubu.
Turimo kureba kandi tekinolojiya mishya mishya mumirongo ibiri yometseho imiyoboro, tuzashyira ahagaragara mumezi ari imbere.Imashini zibiri zimaze gukuta kabiri zirakora.Twaguwe mubushobozi bwo hejuru dushyira undi murongo muri Sitarganj muri Uttaranchal kugirango tugemure Uttaranchal n'imishinga myinshi mumajyaruguru.Dufite imashini ikora kuri Ghiloth, ni imashini nini, ishobora kuzamuka kugera kuri mm 1200 z'umurambararo.Dufite indi korugator, izatangira ukwezi gutaha i Hosur.Usibye rero Sangli, tuzakora imiyoboro isukuye muri Hosur na Ghiloth, aribyo bimera 2 bya Astral.Kandi Sitarganj yari isanzwe ari igihingwa aho kwagura ubushobozi nurwego rwarangiye.
Sangli kandi - hafashwe ibyemezo byinshi byo kwaguka.Bimwe mu byemezo byashyizwe mu bikorwa.Imashini zimwe zifite - ziteganijwe kandi munzira.Tugiye kwaguka no gushyira imashini yihuta mumiyoboro ikonjesha ikoreshwa mugutwara insinga.Tumaze kubona isambu iruhande rw'ubutaka bwacu, aho tuzajya dufata gahunda yo kwagura umuyoboro wacometse, ushobora gukoreshwa mu gutwara amazi mu miyoboro, izagera kuri mm 2000 z'umurambararo.Umushinga urakomeje, kandi tuzahagarika umushinga umwe mumezi make ari imbere guhera ubu.
N'ubucuruzi rero aho twinjiye umwaka ushize buri munzira yo kwaguka, gukura no kuzana ikoranabuhanga rishya.Muri rusange, mubucuruzi bwa Piping, Astral yagumanye forte yikoranabuhanga, izana ibicuruzwa bishya, ibicuruzwa bigezweho, kuyigeza ku isoko, bituma ishingwa kandi izana ibicuruzwa byinshi byikoranabuhanga nibicuruzwa byiza, ariko hamwe nibyiza byikoranabuhanga biboneka muri isi nuburyo buhendutse bwo kubigeza kubakoresha mubuhinde.Nibyo twagiye dukora, kandi tuzakomeza kubikora.Kandi dukura imbere.
- - andi makuru meza nuko hari iterambere ryiza no kwaguka no mu gihingwa muri Kenya, Nairobi.Na Nairobi, Kenya, igihingwa ni cyiza cya EBITDA.Igihombo cyamafaranga ntikikiriho.Kandi tuzabona iterambere ryiza ninyungu nziza mumyaka 1 kugeza kuri 2 uhereye kumurima umwe.Kandi hazabaho no kwaguka bibera i Nairobi hamwe nabafatanyabikorwa bacu bahari.
Muri rusange, imiyoboro ya pipine, cyane cyane hamwe no guhuza ibikoresho bya CPVC hamwe na PVC hamwe numurongo wibicuruzwa no kugera no gushiraho imiyoboro, ibyo Astral ikora kandi ikomeje gukora bigiye gufasha Astral gukomeza kwihagararaho. inzira yigihembwe kizaza nimyaka iri imbere nayo.
Kuza mubucuruzi bwa Adhesive.Nkuko twari tumaze kubimenyesha ko turi guhinduka muri sisitemu yacu.Ihinduka rirangiye rwose, byose.Impinduka nshya zirahari.Impinduka nshya zirahagaze neza.Kuva ukwezi gushize birahagaze neza.Turimo gukura.Turimo kubona ibimenyetso byiza byibyo.Turimo kubona kugera byiyongereye.Turimo kubona uburyo twatunganije ubucuruzi bwa Adhesive mubice.Igiti: hari itsinda ritandukanye, umutwe utandukanye.Kubungabunga: hari itsinda ritandukanye, umutwe utandukanye.Ubwubatsi bwa Shimi: hari itsinda ritandukanye numutwe utandukanye.Kandi ibi byose bitanga ibisubizo, kandi ndemeza ko ibihembwe bizaza, hazabaho ibisubizo byiza cyane, haba kuruhande rwiterambere ndetse no kuruhande rwiterambere, ibyo aribyo byose iterambere ryiza tubona.
Muri icyo gihe, twari tumaze kumenyesha iri hinduka kandi ibi - twarangije impinduka zose mu bwumvikane, mu buryo bunoze, nta kibazo, nta mwenda mubi, nta kindi kibazo kiva ku isoko.Kandi ibi bizadufasha kugeza ubucuruzi bwa Adhesive kurwego rwa kabiri.Tumaze kwagura intera hano.Dufite ubushobozi, bityo tuzashyira ibicuruzwa bishya.Twatangije RESCUETAPE yacu mubuhinde, ikora neza cyane, ituruka muri Amerika.Ubu dufite ResiQuick, nayo iri munzira yo gukura, kandi gukura nyako birahari.Twatangiye ibikorwa byo kwamamaza ku isoko, nabyo bidufasha.Muri rusange rero, ubucuruzi buri kuruhande rwiza rwo gutera imbere nigihe kizaza kubucuruzi.
Tuje mubucuruzi bwa Adhesive mubwongereza, nabwo bukora neza hano.BOND IT yagiye ikora imibare myiza yo gukura nimibare yimibare, nkeka ko Hiranand bhai azagabana.Muri ubwo buryo, ibikorwa byabanyamerika nabyo biri muri EBITDA byiza kandi kuri - nta gihombo cyamafaranga kibaho kuva mumezi 6 ashize.Ibyo rero nabyo biratanga ibisubizo byiza cyane.
Muri rusange rero kubivuga muri make, ubucuruzi bukora ibyiza, Umuyoboro kimwe na Adhesives.Dufite umurongo mwiza w'abakozi, twiyongereye.Twajyanye na porogaramu kubacuruzi, abapompa, ababaji, ubu bikoreshwa kuri porogaramu kandi bigenzurwa nikoranabuhanga.Turimo kwaguka imbere yikoranabuhanga mubucuruzi.Ibicuruzwa bya chimistries, ubwinshi bwikipe, ibikoresho byabakozi, dukomeje kongeramo ibikoresho byingenzi byabakozi kuko tubikeneye hamwe no gukura.Igitekerezo cyo gutekereza kigenda kinini kandi kinini kuva mu mezi 6 ashize, ariko igitekerezo cyo gutekereza cyabaye kinini, kandi dufite isoko nziza y abakozi, idufasha munzira yo gukura.
Turabizeza rero kuri - mu gihembwe n'amezi biri imbere kugirango mukomeze kuriyi nzira yo gukura no gutanga iterambere ryiza nimibare mugihembwe gitaha.Nzashyikiriza Bwana Savlani kugirango akunyuze mu mibare, hanyuma dushobora kunyura mubibazo n'ibisubizo.
Mwaramutse, mwese.Urakoze, Ritesh, kuba wakiriye iyi guhamagarwa.Kandi Dhanteras nziza kubitabiriye amahugurwa bose, kandi mbifurije umwaka mwiza wa Diwali n'umwaka mushya muhire.
Noneho bose bafite imibare mumaboko, nzahita nyura mumibare, kandi tuzibanda cyane kumasomo y'ibibazo.Nko rero ku buryo buhuriweho, niba ubona umubare wa Q2, ubwiyongere bwinjira buri hafi 8.5%, ariko ubwiyongere bwa EBITDA ni 24.16%.Iterambere rya PBT ni 34.54%.Mukomeje, turatanga ibisobanuro ko ubu isosiyete yacu yibanda cyane kumpera yimbere, kandi margin izaba nziza kuruta kuzamuka kumurongo wo hejuru.Kandi kubera iyi ngaruka yimisoro, gusimbuka PAT hafi 82%, ahanini kubera igabanuka ryumusoro wibigo byatangajwe na - vuba aha na leta yu Buhinde.
Noneho tuza kuruhande.Ubwiyongere bw'imiyoboro mu gihembwe gishize bwari hafi 14% mubijyanye nagaciro naho hafi 17% mubijyanye nubunini.Nigute nabaze 17% ndashobora kugusobanurira ko umwaka ushize tutari dufite numero yububiko bwa Rex.Uyu mwaka rero, dufite imibare ya Rex.Twakuyeho rero kuri numero yacu yose nimero ya Rex.Umwaka ushize umubare wari uhagaze wenyine wumuyoboro wa Astral, ntabwo numero ya Rex.Niba rero ukuyeho toni 2.823 metric kuri numero, twasohoye, ni 34,620.Niba ukuyemo 2.823, irasohoka ni 31,793.Niba ukora kuri 27.250, hafi, bizaba 17%.Mu buryo nk'ubwo, igice cyumwaka, mubicuruzwa byose byagurishijwe bigera kuri 66.349, nidukuraho igice cyumwaka Rex umubare, umubare wa toni 5.796, uza kugera kuri toni 60,553.Niba warakoze kuri numero yumwaka ushize wa 49.726, bizaba byukuri 22% byiyongera ex-Rex hamwe numubare wa Rex, tumaze gutangaza.
Ubwiyongere bwa EBITDA rero mubucuruzi bwa Piping bwari hafi 36%.Ubwiyongere bwa PBT bwari 56%, naho ubwiyongere bwa PAT kubera iyi nyungu yumusoro, bwasimbutse cyane, 230%, kuva kuri INR 30 kugeza kuri INR 70.
Noneho tugeze kuruhande rwa Adhesive yubucuruzi, ubwiyongere bwinjiza bwari bubi 6% muri Q2.Ibyo biterwa ahanini nuko twavuganye mubiganiro byanyuma ko duhindura imiterere.Kubera iyo mpamvu rero, tuzi kugarura ibarura kubatanze - birababaje, mububiko.Niyo mpamvu rero yerekanwa nkigurisha ryagurishijwe, niyo mpamvu umurongo wo hejuru ugaragaza nabi.Ariko niba ukuyeho ibicuruzwa byagurishijwe, numubare mwiza.Kandi iyo nayo ni imwe mu mpamvu zituma ibarura ryazamutse uretse uruhande rwa Piping kubera uku kugaruka kw'ibicuruzwa mu gihembwe gishize.
EBITDA nayo yabitewe nibi bibi kuko tugomba gufata igihombo mugaruka kuko mugihe twanditse kugurisha ko icyo gihe inyungu yari ihari.Mugihe twafashe kugaruka twabaze igenamigambi nkikiguzi.Kuri urwo rwego rero, margin yagabanutse.Kubera iyo mpamvu, EBITDA mbi kuri 14%.Ariko muri rusange, niba dushyizeho ingaruka, umubare wa EBITDA nawo ni mwiza kandi gukura kumurongo wo hejuru nabyo ni byiza.Kandi kuva aha, turabona ko ubu twarangije kurangiza.Ndashobora kuvuga hafi 95% yimirimo ikorwa kuko birashoboka ko ibintu bidakwiriye bishobora gusohoka muri iki gihembwe, ariko ubundi turangije.Kuva aha rero, turabona ko hagomba kubaho kwaguka no kandi hagomba kubaho umurongo wo hejuru no kuruhande rwa Adhesive yubucuruzi.
Ubu muri rusange ibintu bya Pipe na CPVC na PVC, nkuko Bwana Engineer yabisobanuye, ni byiza cyane, kandi ntabwo bigarukira kuri Astral gusa.Abakinnyi bose bateguwe muruganda bakora neza.Turateganya rero ko igihembwe gitaha gikwiye kuba iterambere ryiza.Ariko yego, hasi, ibintu ntabwo ari byiza.Tugomba rero guhora twiyubara kandi tugomba kwitonda.Niyo mpamvu rero tudashaka gutekerezaho bitari ngombwa imibare nibindi byose kugirango dukure.Ariko muri rusange, ibintu ni byiza.Turimo kubona ibintu byiza hasi, cyane cyane murwego rwo kuvoma.Hashobora kubaho impamvu yo guhinduka kuva kuri gahunda idashyizwe kumurongo.Kandi hashobora kubaho impamvu yo guhangayikishwa nabakinnyi batunganijwe nabo murwego rwo kuvoma.Ibyo rero nabyo bitanga umusanzu kubakinnyi bose bariho bateganijwe kumasoko.
Isoko ryuzuyemo ibibazo, ariko muri izi mbogamizi nazo, nkuko byavuzwe mu gihembwe gishize ko, isosiyete yacu yibanda ku bwiza bw’impapuro kandi ushobora kubona neza muri iki gihembwe.Nubwo hari ibibazo byinshi byerekeranye no gukusanya no gutembera imbere yisoko, twagerageje guhindura urwego rwo gukusanya.Kandi urashobora kubona umwaka ushize, Nzeri, icyegeranyo cyari - amafaranga yakiriwe neza yari hafi INR 280.Na none kandi, muri uyu mwaka, ni INR miliyoni 275, ku buryo urwego rwose rwose hari igabanuka, nubwo bimeze bityo, ku buryo isosiyete yazamutse ikagera ku murongo wa 17%.Turi rero cyane, twiyubashye cyane tujya ku isoko.Ntabwo dushaka kwibanda ku mikurire gusa, ariko intego nyamukuru kuruganda rwacu ni kurupapuro ruringaniza cyane cyane muburyo bwakirwa.Uruhande rwibarura narwo, niba ubona, nta kwiyongera kwinshi kubarura.Umwaka ushize, yari INR miliyoni 445.Uyu mwaka ni INR miliyoni 485.Hafi ya 9% yiyongera kubarura, byongeye kwiyongera hafi 17%.Kandi kwiyongera gake mububiko byatewe ahanini no kugaruka kwabaye mubucuruzi bwa Adhesive.Kandi nkuko twari dutegereje ivugurura ryibiciro imbere ya CPVC kubera inshingano zo kurwanya guta.Twaguze rero CPVC hejuru gato gato y'ibisanzwe dusabwa kugirango dukoreshe inyungu izamuka ryibiciro ku isoko kugirango dushobore gufata inyungu zingana mubihe biri imbere.
Nkuko byasobanuwe na Bwana Engineer, imirimo yo kwagura igenda neza.Kandi urashobora kubona muri iki gihembwe nanone, twongeyeho toni 15.700 metric mubushobozi.Ubushobozi bwacu rero, bwabaye umwaka ushize, toni metero 174.000, bwiyongereye bugera kuri toni hafi 220.000.Kwaguka rero birakomeje - inzira yoroshye cyane, kandi turabona ko kwagura ubushobozi bizabera mugice cya kabiri nanone, cyane cyane muri Hosur.
Noneho tugeze kuruhande rwimyenda, tumeze neza cyane, kandi umwenda utubutse kumpapuro zingana ni hafi INR 170 kuko dufite umwenda wose wa INR 229 hafi.Kandi twicaye kumafaranga hafi - hafi INR 59.Amadeni meza rero agera kuri miliyoni 170 INR, akaba ari ideni rito mumpapuro zingana.
Mfite ibibazo bike kuri Sandeep bhai kugeza umurongo wibibazo uteye.Nyakubahwa, ikibazo cya mbere kiri kubindi bicuruzwa.Werekanye gukwirakwiza rejig dukora.Nyakubahwa rero, urashobora gutanga ibisobanuro birambuye kubyerekeye impinduka zinshingano zubuyobozi hamwe ninyongera nshya twakoze.Icya kabiri, ni ryari tubona ubwiyongere bwa 30% kuri Q-kuri-Q?Nicyo kibazo cyanjye cya mbere.Ikindi kibazo ni, niba ushobora kwerekana ingano yisoko ya valve, borewell - imiyoboro ya borewell?Ubwanyuma, ivugurura ryose ryibicuruzwa byatangijwe kuva [ADS] twavuze kare?
Tugeze kuri Adhesives, umurongo wimbaraga zabantu, cyane cyane nkuko wabajije ko uko tuzabikora - ibyaremwe bigeze birarangiye.Mubyukuri twari twaragiye muburyo bwo kugumya kugabura cyane no gushyira umuyoboro wogukwirakwiza munsi yabo, bityo umuyoboro wacu wari umaze gushingwa no gukora, kandi twongeyeho umubare utari muto - mumibare mike yabatanga bashya muri buri karere.Iyi yari inzira y'amezi hafi 8 kugeza 9.Simvuze ko byabaye nijoro.Mu byukuri twatangiye impinduka kuva Mutarama-Gashyantare yuyu mwaka wa 2019, kandi rwose twarangije ukwezi gushize.Uyu munsi, gushyiraho imiyoboro hamwe numuyoboro wo gukwirakwiza kuri buri leta birarangiye.Ariko na none, ni dinamike, kwiyongera no gusiba bizakomeza kubaho burigihe.Biracyabera muri Pipe hamwe nubunini bunini.Kandi dufite abayobozi ba leta basanzwe bahari.Dufite akarere kandi dufite abantu bato bakora ku isoko ryo kugurisha, bahari.Dufite imitwe, iri hagati yabo kandi abayobozi ba leta barahari.Kandi umuyoboro w'abakozi wari uhari.Gusa kurwego rwa HR, twinjije kandi turi muburyo bwo kwinjiza abasaza bake kuri buri rwego.Bimwe muribi byinjira bizaba muminsi 10 kugeza 15 kugeza ukwezi.Ntidushobora gutangaza amakuru ayo ari yo yose nkubu.Ariko inzira nziza yo gukosora, inzira nziza yo kwinjizwa nubunini bukwiye hamwe nubuziranenge bukwiye nubumenyi bukwiye, bukenewe kugirango inganda zitere imbaraga z'abakozi ziriyongera kandi ziziyongera muminsi mike uhereye ubu.
Kwinjira mumibare yawe yo gukura 30%, ibyo simvuze ko bidashoboka, ariko mugihe kimwe navuga ko ubanza reka byibuze dusubire kuri 15%, 20%.Reka twihagararaho.Mwese muzi ko hari ibibazo ku isoko imbere yizunguruka ryamafaranga.Izi nzinguzingo ziratinda gato uhereye impande zose.Kandi rero turashaka gutera imbere, ariko ntabwo dukura hamwe nideni rinini kumasoko.Turashaka gukura hamwe numuyoboro ukwiye wo gukwirakwiza, aho amafaranga yacu azenguruka afite umutekano kandi bikabaho nkibibera kumasoko yimiyoboro kimwe no mumasoko yifatanije nandi masosiyete.
Yego rero, ni inzozi kuri twe kwinjira muri iyi mibare ya 30 plus, ariko bizadutwara igihe gito uhereye ubu.Turashaka kutagira icyo tuvuga kuri ibi, igihe bizatwara.Ariko iyo niyo ntego yacu yo kubigeraho.Ariko ndabizeza ko Adhesive igiye gutanga iterambere ryiza numubare mwiza mumezi ari imbere nigihembwe kizaza.
Kugera kubucuruzi bwa Valve.Ubucuruzi bwa Valve nini kwisi yose mubyukuri.Hano hari ibigo bike cyane bikora valve.Kandi simvuze gusa kuri valve, ndashaka kujyamo ni iy'amazi.Ubucuruzi bwa Valve nini cyane mu nganda kuruta gukora amazi.Kandi icyo twibandaho ni ukutinjira mu ntera ya plumbing gusa, ahubwo no mubikorwa byo gukora valve ikenerwa mu nganda nka ball ball ball, ibinyugunyugu nibindi bitandukanye.Nibikorwa rero bizatwara imyaka 2 kugeza kuri 3 kugirango wongere urwego rwose.Ninzira izakenera ubuhanga buhanitse.Ninzira ikenera igenzura ryiza, kugenzura ubuziranenge, kugenzura kugenzura.Ubucuruzi bwa Valve rero nikintu gishobora gufatwa nkubucuruzi bwisi yose.Kandi twaba tugiye no mubucuruzi bwa Valve kugeza ubunini bunini bugera kuri santimetero 12 ndetse birenze - nini nini nini.Nibyo rero gahunda yacu.Kandi sinshobora kubara imibare, izaza, ariko ndashobora kugereranya ko hazabaho iterambere ryiza, imibare myiza kandi burigihe na valve kwisi yose, urabona, gutanga imipaka myiza kuruta imiyoboro ndetse nibikoresho.Iyo rero niyo ntego yacu muri Valves.
Ubucuruzi bwa Borewell cyangwa Umuyoboro winkingi, twakuze kumuvuduko mwiza muri valve (inaudible) ADS.Nibyo, ndetse tunatondekanya ad hoc iyo bigeze kuri ADS.Inkingi, twakuze neza, niyo mpamvu - niyo mpamvu twongereye ubushobozi, ibyo twabujije kugeza ku isoko amezi make ashize, kandi twagombaga gutakaza gahunda cyangwa igihe cyo gutanga cyari 10 kugeza ku minsi 15.Turimo kuzuza iki cyuho.Kandi turimo kuyikora mukarere kuko amajyepfo nisoko rinini kumiyoboro ya borewell.Turi i Hosur.Ibiciro byubwikorezi nigihe cyacu cyo gutanga ibicuruzwa birashobora kugabanuka.Ibyo rero birahari.Noneho tugeze muri ADS, dusanzwe dukora ibicuruzwa hano, ariko turimo gukora kuri iki gice cyo gusarura amazi, bita amazi [akazi].Kandi iyi si ingingo y'Ubuhinde gusa ahubwo n'isi muri iki gihe.Nta gushidikanya ko twabonye imvura nziza.Abantu rero bazibagirwa igihe runaka, ariko mubyukuri iyo ubonye imvura nziza ugomba no gusarura neza.Mvugishije ukuri, reka ntasohokane nimwe muri aya mashusho yo gusarura amazi nuburyo duteganya.Tuzakumenyesha ibi - kubyerekeye ibi wenda ubutaha guhamagara cyangwa umwaka urangiye.Ariko yego, turimo gukora kuriyi ngingo.Kandi iyi vertical, sinshobora kuyifata nkigice cyamazi.Ni vertical yo gusarura amazi, kandi nayo ubwayo ni ingingo nini.Kandi iyo tumaze kugira intambwe ihamye kuriyi, twagaruka, ariko yego, dukorana na ADS kumurongo wibicuruzwa.
Kandi tuzakugarukira kubyo dukora nibyo duteganya kandi nuburyo tubigaragaza wenda muri kimwe cya 1 cyangwa 2, hanyuma turashobora kukumenyesha uko tuzabitwara imbere aho ngaho mukuzamuka gahunda hanyuma - n'amasoko.Ibyo rero birangiza igisubizo cyanjye.Murakoze.
Twishimiye gukura gukomeye.Nyakubahwa ikibazo cyanjye cyambere, muriki gihe, turakomeza ubuyobozi bwa FY '20?Nzi ko kubijyanye no kwiyongera kwijwi dufite ubwoko bwatanzwe cyane mugice cya mbere kuruta ibyo twari twarashizeho mugitangira cyumwaka 15%.Ariko ndakubajije ukurikije uburyo bwo gukura kwimibare ibiri muri Adhesives?Kandi nanone nashakaga kumva ibibera muri Rex mubijyanye no kugarura marge kumurongo ukurikije urwego rwa leta ruhamye twari twarashyizeho nka 13% kugeza 14%?
Urakoze, Sonali, kubibazo byawe 3, aho biri mubibazo bimwe.Ubwa mbere rero, tuza kuruhande rwumuyoboro, Umuyoboro, yego, twamenyesheje ubwoko bwa 15% bwubwiyongere bwigice naho igice cya mbere twatanze hafi 22%.Yego rero, turi imbere y'ubuyobozi bwacu.Ariko isoko ryuzuye ibibazo.Ariko guhera uyu munsi, birasa nkaho tugiye kurenga ku buyobozi bwacu.Ni bangahe tuzambuka, igihe kizatubwira, ariko ukuri gufatika ko ubungubu isoko ryifashe neza.Twizere rero ko komeza urutoki, tuzarenga ubuyobozi bwambere bwa 15%.
Noneho uza kubibazo bya kabiri bya Rex yawe.Rex rero akora neza.Ariko yego, ubwiyongere bw'ijwi buracyatoragura cyane kubera impamvu nyinshi, cyane cyane icyo twavuga, ariko ako gace ka Sangli karuzuye.Ndetse n'umunsi wabanjirije ejo nabwo hari imvura nyinshi yaguye hariya kandi amazi yinjiraga mu ruganda.Ndetse no mu kwezi gushize nabwo, byari ibintu bisa.Tuzabikora - none ndatekereza gukemura ibyo bibazo byose.Noneho ubu twongeyeho ubushobozi kubwacu - kubindi bimera nabyo kubicuruzwa bya Rex.Ibyo rero bigiye kudufasha imbere ya logistique, kandi bizadufasha kuzamura amajwi mugihembwe gitaha.Ariko yego, kuruhande rwimbere, turagarutse.Turimo gukora marge nziza cyane muricyo gice.Ntabwo ari nka 6% ubwoko bwa margin, mubona mumwaka ushize, ariko turimo kurenga imibare ibiri muri Rex nayo.
Ikibazo cyawe cya gatatu cyari kijyanye na Adhesive.Adhesive, natwe turi - tumaze kuvugana mumagambo abanza ko dukora cyane kuri ibyo.Kandi ibyo aribyo byose gukosora twashakaga gukora, ngira ngo hafi byakozwe.Navuze ko 95% yo gukosora byakozwe.Gitoya irashobora gusigara hanze, irashobora kurangira muri iki gihembwe.Twizere rero ko uzabona numero ya Adhesive nayo izagaruka.Biracyari kare kuvuga ko tuzatanga iterambere ryimibare ibiri kumwaka wose, ariko yego, byanze bikunze, igice cya kabiri kizaba imibare ibiri muri Adhesive.Tuzagerageza gukora ibishoboka byose kugirango duhishe ibibuze muri Q4, kandi twateguye gahunda nayo yo kuzamuka kwinshi muri Q4, ariko komeza urutoki kuko dukora kumpande nyinshi.Nkigihe nigihe kizagera, tuzafungura uko dukora nuburyo dukora.Turi beza cyane, ndashobora kuvuga gutya, ariko biragoye cyane kuvuga muriki cyiciro ko umwaka wose tuzashobora gutanga iterambere ryimibare ibiri cyangwa ntayo.Ariko turagerageza uko dushoboye.Tuzareba ko uburyo bwiza dushobora gutanga.
Nibyiza bihagije, nyagasani.Kubijyanye na CapEx, INR miliyoni 125 kugeza INR 150.Ngiyo nimero tugomba ...
Nibyo, ndatekereza ko tuzagarukira kuri iyo mibare.Kandi ngira ngo twakoze hafi hafi INR 80 cyangwa hafi mugice cya mbere, INR 75, INR 80.Turi hafi rero.
Birakwiye bihagije.Nyakubahwa, n'ikibazo cyanjye cyanyuma, byinshi uhereye mubikorwa byinganda.Nyakubahwa, nkuko wabivuze neza mumagambo abanza ko mugihembwe gishize twabonye imikurire myiza mumiyoboro, cyane cyane imbere yijwi.Nyakubahwa, ushobora kudufasha kumva imirenge ikora neza kurusha iyindi?Kandi ni he dusanga gukurura?Ni ubuhe buryo bushobora kuba aribwo bwagize uruhare runini muri uku kwiyongera kwijwi?Ibyo ni mu ruhande rwanjye.
Mu miyoboro y'amazi, CPVC kimwe na PVC bifite iterambere ryiza.Hano rero hari iterambere murwego rwamazi.Kandi, hari iterambere ribaho mubicuruzwa bishya natwe.Cyane cyane urwego rwinganda remezo rugenda rwiyongera kuri twe dukeneye imiyoboro ya CPVC na PVC.
Ikintu kimwe nashakaga kongeramo usibye gukura kwa Rex, ugomba kumenya, nuko ibicuruzwa bya Rex bihora kumikurire - gukura gake mumvura.Kuberako ibicuruzwa byose, Rex ikora bigenewe kuvoma no guta umwanda, burigihe bishyirwa munsi yubutaka.Ugomba rero gucukura ibyobo hanyuma ukarambika iyi miyoboro.Kwisi yose ibi bibaho.Niba ugiye i Burayi, ujya mu Budage, ujya muri Amerika, ahantu hose.Kuri iyi mirimo yose yo mumuhanda hamwe niyi miyoboro yo kumena amazi, ndetse no muri Amerika, ifatwa mugihe cyizuba.Ubu rero uzabona iterambere ryiza ryibicuruzwa bya Rex kugeza muri Werurwe.Kubera ko iki gihe, imvura yari ndende.Imvura yakomeje kuza mu gihe kirekire, niyo mpamvu ibikorwa byinshi by'ibikorwa remezo, bifatwa mu gukoresha iyo miyoboro, byari hafi guhagarara.Nashakaga gusa gusobanura kuri iki kintu.
Nukuri nyakubahwa, ibi birafasha.Nyakubahwa, kandi birashoboka, nk'iyaguka ry'ibi, nashakaga kugenzura, turimo kubona ibimera bibisi mubwubatsi bigaruka?Kuberako wavuze ko umurenge w'amazi udukorera neza.Nashakaga gusa kubyumva, iki nicyo cyifuzo gishya tuvuga wenda icyifuzo cyo gusimburwa?
Oya. Nibisimburwa kandi bishya.Urwego rwo gucuruza, narwo ruriyongera kandi urwego rwimishinga narwo ruriyongera.Ariko sinshaka kwinjira cyane mubisesengura, muribyiza, mwese mwicaye kurundi ruhande.Ni izihe ntege nke mu nganda zose mu gice cyo kuvoma, igiye gufasha Astral gukomeza inzira yayo yo gukura.Ndatekereza rero ko uzi ibintu byose bicaye kurundi ruhande kubyerekeranye ninganda zinganda, ibintu bya polymer, hamwe nibi bintu byose byashyizwe hamwe bizafasha byibuze igice cya pipine ya Astral kugirango inzira yiterambere ikomeze.
Ibibazo bibiri.Imwe kuri iyi CPVC, kandi iyi nayo yari imwe mumpamvu yo kwaguka kwinshi kwinshi muri iki gihembwe.Urabona kugeza ryari kubura CPVC kuramba?
Reba ahanini, Ndi - Ntabwo nkwiye gutanga ibisobanuro kubintu bya leta.Reka rero leta ifate icyemezo kuri iki kibazo.
Nibyo.Ariko ni ubuhe bwoko bugereranijwe bugomba gutangwa ko - - Ndavuga umubare wa CPVC [stock] uturuka mubushinwa na Koreya?
Yego.Ntabwo njya muri iyo mibare nanone kuko amakuru yatumijwe arahari.Ariko mubyukuri, ntamuntu utumiza mumezi 2 ashize, kuko mubyukuri bidashoboka.Niba utumiza mu mahanga, urangiza kwishyura 90%.Mubyukuri, ibicuruzwa bitumizwa mu mahanga biragenda birenze igiciro cyo kugurisha ibicuruzwa.
Reba, urashobora gukora imibare ko niba umusore agiye gutumiza mu mahanga, yishyura 90% yumusoro kandi hejuru yiyo 10% kumisoro ya gasutamo kandi wongeyeho izindi mbogamizi zose hanyuma ugakora ibice, hanyuma ukagurisha, mubyukuri ndatekereza ko - - mubyukuri azagira igihombo mugurisha iyo miyoboro.Noneho iyo ugeze kumibare y'Ubushinwa na Koreya.Niba ugiye mumateka, bahaga Ubuhinde 30% kugeza 40% bya CPVC.40% byibyo ukeneye buri kwezi biva kumurongo wose, biragaragara ko bigiye guteza ubuke.Ko 40% gusohoka mumurongo ntabwo bigiye kuzuzwa nababikora 3.Muri byo, umuntu agenda gusa muburyo bwo gutanga uruhushya.Na none, hariho - ngaho - imbogamizi zirahari.Noneho andi 2 afite amasoko yisi yose nayo agomba kuzuza.Ntabwo bafite isoko ryu Buhinde gusa.Mubyukuri rero, ibi - hazabaho kubura guhoraho bibera kuri CPVC mubihe ntibisanzwe cyangwa bihamye.Ntabwo rero tuzi ko ari amezi 6, umwaka 1, imyaka 1.5, igihe bizatwara kugirango ibintu bihamye kandi bishoboke.Ariko mubyukuri uyumunsi gutumiza mubushinwa no muri koreya ntabwo bishoboka kubantu bose usibye ko yahisemo kuba kumasoko akagira igihombo kandi agakomeza gutanga ibikoresho.Afata umuhamagaro wo gutakaza amafaranga kandi aracyari ku isoko.Nibyo guhamagarwa kugiti cyanjye, ko ntashobora kugira icyo mvuga kuri we.
Ariko Maulik, amateka avuga ko igihe cyose ingamba zo kurwanya ibicuruzwa zatewe na guverinoma iyo ari yo yose mu Buhinde ubusanzwe imara imyaka 3.Rero - ariko birumvikana ko bidashobora gukomeza hamwe ninshingano 90%, bidashoboka rwose.Ariko yego, anti-dumping igomba gukomeza byibuze imyaka 3.
Icya kabiri, guverinoma ifite igihe cyamezi 6, ariko amateka yashize nayo yavuze ko atari umurongo uhuza.Birashobora no gufata imyaka 6 - 1 nayo cyangwa imyaka 1.5 nayo.Ntishobora kuba umurongo uhuza umurongo kugirango ufate umwanzuro, ariko - ntabwo ari a - ni umurongo wateganijwe, ariko urashobora kumva ko ifite amahitamo nayo yo gukomeza gukora iperereza no gufata igihe.Ntabwo tubizi.Ntabwo rero turi inzira cyangwa nta bushobozi cyangwa ntanubwo abayobozi babikubwira.
Nibyo.Kandi ikibazo cya kabiri, burigihe ndakubaza, kandi ibi bifitanye isano nisoko ridashyizwe hamwe.Ugereranije rero nubushize ubwo twavuganaga (inaudible) ifite amasoko manini atunganijwe neza [kurohama] kubera ibibazo bitandukanye byo guhunika amafaranga cyangwa icyo ushaka cyose?Noneho ubu CPVC igiye kongera kubabaza bamwe muri aba bakinnyi badafite gahunda.
Ikigaragara ni uko abadafite gahunda bazagira ibibazo byabo.Kandi isoko idashyizwe hamwe izagumya guhinduranya polymer hamwe na CPVC.Igiye kugira ibibazo byayo.Kandi hamwe na cycle cycle nayo igenda gahoro kumasoko.Ntabwo rero ari imbere.Urashobora kwiyumvisha ko hari ibice byinshi byibasiwe icyarimwe.Turashobora kuvuga rero ko ari intangiriro yurugendo, rurerure rwo kugenda, kuko uzi ko ubunini butunganijwe muri iki gihugu hafi 35%, 40%.INR rero miliyoni 30.000 yinganda [igice] cyinganda, 35%, 40% zikora kuba INR miliyoni 10,000, INR 12,000 inganda.Bizatwara igihe cyacyo.Ariko uyumunsi, ibintu bimeze nuko, atari abantu badafite gahunda gusa bababaye, ndetse nabakinnyi bateguwe bahura nibibazo byinshi.Biragoye cyane rero kubivuga, cyangwa kugereranya ukurikije ijanisha, ariko yego, kubutaka, ibintu birahinduka, ariko ntibigaragara neza kuko muri rusange ibintu byamasoko nabyo biratinda.Kujya imbere rero, ngira ngo ibi ni - bizaba bikaze kandi bishobora kugaragara neza, wenda kimwe cya kane munsi yumurongo, cyane, biragoye kuvuga igihe.Ariko yego, imyaka 4 kugeza 5 iri imbere, turabona ko impinduka nini igomba kuba kuruhande rwateguwe.
Nibyo.Kandi ikibazo cyanyuma kuri wewe, Hiranand bhai.Ihangane niba narabuze iyo mibare.Ni uwuhe musanzu wa Rex mu byinjira muri iki gihembwe?Niba - kandi niki CapEx twakoze mugice cya mbere?Kandi igice cya kabiri gishobora kuba ikihe?
Nkanjye rero, ngira ngo, INR miliyoni 75, INR miliyoni 80 twakoresheje mugice cya mbere muri CapEx.Kandi muri ibyo, imashini ebyiri zari zifitanye isano na Rex, Sandeep bhai yari amaze gusobanura ko imashini 1 muri Ghiloth na mashini 1 i Sitarganj indi nkeka ko INR miliyoni 50 cyangwa irenga - INR 50 kugeza kuri INR 60 60 CapEx ishobora ngwino mugice cya kabiri nanone, birashoboka gato nanone.Turimo gushira hafi hafi INR miliyoni 20 ziyongera hejuru yinzu hejuru yizuba, aho twakoreyemo kwishyura ayo mafaranga INR 20 azaba hafi 33% buri mwaka.Ntabwo rero munsi yimyaka 3 yo kwishyura irahari kubwibyo bintu.Twagabanije rero INR miliyoni 20 kuruhande rwizuba.Izo nyungu uzisanga muri nimero ya Q4 kuko tugamije kurangiza - igice runaka gishobora kurangira mu Gushyingo naho ibindi bintu bizarangira mu Kuboza.Q1 - Q4 rero imbere, iyi nyungu ijyanye nizuba izagaragarira mumibare, kandi uzabona ko kugabanuka kwinshi bizaba bihari mubiciro byamashanyarazi.Kuberako 100% tugiye kwikenura.Kandi igice kimwe kizajya muri Ghiloth - iki gihingwa cyiburasirazuba nacyo kandi imashini zimwe na zimwe zizashyirwa muri Hosur.Hafi ya INR 50 kugeza kuri INR miliyoni 60 twateguye, birashoboka nka INR miliyoni 10 wongeyeho / gukuramo nabyo birashobora kubaho.
Ntabwo mfite numero nyayo ubu kuko yahujwe na Astral, ariko igomba kuba ahantu hafi ya INR 37 cyangwa irenga.Birashoboka ko ndakeka yuko, ahari INR miliyoni 1 cyangwa INR 2 miriyoni aha n'aha.
Praveen Sahay, Edelweiss Securities Ltd, Ishami ry’Ubushakashatsi - Assistant VP of Equity Research & Research Analyse [29]
Byiza cyane byimibare, kubwibyo twishimiye cyane.Ikibazo cyanjye cya mbere nubushobozi bwose wari watanze kumuyoboro ni toni 2,21,000 metric, none ubushobozi bwa Rex bingana iki?
Nibyo.Rex, ngomba kugenzura.Umwaka ushize, byari hafi 22.000 ikintu hanyuma ikindi 5.000, 7,000 tuzabona, kuburyo hafi toni 30.000 metric.
Praveen Sahay, Edelweiss Securities Ltd, Ishami ry’Ubushakashatsi - Assistant VP of Equity Research & Research Analyse [31]
Umwaka urangiye rero uzaba hiyongereyeho toni 5.000, 7,000 metric, ariko umwaka utaha gusimbuka kwinshi bizongerwaho kubera iburasirazuba.Mu ntangiriro rero, twayoboye ko iburasirazuba nibimara kuzura.Ubushobozi bwacu buzaba toni 2,50.000.Ndatekereza ko bishobora kuba bike nanone.
Praveen Sahay, Edelweiss Securities Ltd, Ishami ry’Ubushakashatsi - Assistant VP of Equity Research & Research Analyse [33]
Kandi kuri kashe ya nimero IT, nyakubahwa.Urashobora gutanga amabara kuriyo nayo, nka - kubera ko muri rusange Adhesives dushobora kubona, ariko ni gute imikorere ya Seal IT yigihembwe?
Muri rusange imikorere ya Seal IT yari nziza.Batanze ubwiyongere bw'ifaranga hafi 5%, 6% muri iki gihembwe.Kandi mugihe cyamafaranga, sinzi neza umubare, ariko ifaranga rihoraho ryari hafi 5%, 6% byubwiyongere, kandi batanze imibare ibiri EBITDA nayo.Muri rusange rero urebye uko Ubwongereza bumeze, mugihe ubwiyongere bwa GDP butagoye 1%, uyumwaka turateganya ko bagomba kutugezaho ubwiyongere bwimibare ibiri kuri twe hamwe n’imibare ibiri EBITDA nayo.Uruhande rwa EBITDA, bahora batera imbere.Kandi nintererano yiyi RESCUETAPE iziyongera, noneho kwagura margin bizaba bihari mubihembwe biri imbere.Nibyo twibasiye.Ubu rero Resinova yatangiye kugurisha RESCUETAPE.Kandi mugihe gito, tugiye gufungura RESCUETAPE mumiyoboro yacu ya Astral nayo.Ibi rero nibicuruzwa cyane, byohejuru cyane.Niba rero umusanzu muto uziyongera, noneho EBITDA izarasa.Komeza urutoki kurenga icyo gihembwe kizaza, Ikirango IT igomba gutanga umubare mwiza.
Praveen Sahay, Edelweiss Securities Ltd, Ishami ry’Ubushakashatsi - Assistant VP of Equity Research & Research Analyse [35]
Ndatekereza rero ko ubungubu, barimo gukora hafi USD 700,000 kugeza 800.000 USD buri gihembwe ukurikije amadolari ya Amerika, aziyongera mugihembwe gitaha.Intego yacu rero nuko byibura miliyoni 1.5 USD, bagomba kugera kumyaka 1 cyangwa imyaka 1.5 kumurongo, byibuze.
Praveen Sahay, Edelweiss Securities Ltd, Ishami ry’Ubushakashatsi - Assistant VP of Equity Research & Research Analyse [37]
Yego.Ndatekereza hejuru muri reta-yubuhanga R&D hamwe na centre yo gusaba.Gahunda zari zihari.Kandi twari dufite - kubera inzinguzingo za CapEx twari twarashyizemo, ariko ubu tuzatangira akazi.Noneho tuzaba dufite kimwe mubigo byubuhanga bugezweho ku isi bya R&D mubucuruzi bwa Polymers.Adhesive ifite ikigo cyayo R&D.Kandi hariya, turimo gushiraho ikigo gisaba aho icyarimwe, byibuze 250 kugeza 300-abakoresha amaherezo bashobora gutozwa.Abajyanama barashobora kuzanwa no gusobanura tekiniki ibicuruzwa.Amahugurwa y'intoki arashobora gukorwa.Hashobora kubaho auditorium kugirango abantu banyure mubintu.Kandi icyarimwe, dushobora kugira amasomo nayo akorera hariya.Ibi rero bigiye kuba - akazi kazatangira vuba.Dufite isambu iruhande rwigihingwa cyacu.Dufite gahunda.Dufite byose mu mwanya.Ndatekereza ko tuzakingura - - kandi tugiye gutangira uyu mushinga.
Icya kabiri, namaze kuvuga ko ubu turi kwibanda ku mbaraga zishobora kubaho.Duhereye ku bidukikije kandi ni byiza no ku gihugu.Kandi icyarimwe, nibyiza kubisosiyete nayo kuko kwishyura ubu bwoko bwishoramari birihuta cyane.Kimwe n'inzu, namaze kuvuga ko bitarenze imyaka 3 yo kwishyura.Turateganya gutanga andi mafranga murundi ruhande, wenda umwaka utaha kuko dutegereje amafaranga menshi mumwaka utaha.Ndangije kugusobanurira ideni ryacu ni INR miliyoni 170.Nuburyo ubucuruzi butera imbere nuburyo amafaranga yinjira muri sosiyete, twizere ko umwaka utaha turateganya kuzamuka cyane mumafaranga.Turashobora rero kugenera andi mafranga muruhande rusubirwamo, cyane cyane kubwikoresha.Ntabwo dushaka kugurisha igice kimwe kuri gride.Ibyo aribyo byose tuzakora CapEx, ibyo bizaba ibyo kwikenura.Usibye rero hejuru yinzu, twakoze ko kwishyura hafi imyaka 3 kugeza 3,5 gusa.Nibyiza rero gusubira muri kiriya gice nanone.Tuzazana numubare nyawo muri gahunda nitumara gufunga uyumwaka kandi tuzahita [imbuto] amafaranga yubusa, ibyo dushobora kubona.Mubasesenguzi bahure umwaka utaha, icyo gihe, tuzaguha imibare.
Yego.Nyakubahwa, mfite ibibazo 2.Imwe ni, umuntu yakwitegereza ate gufata abamamaza muri sosiyete?Nibyo - ibyo ni bimwe, niba ushobora gusobanura birambuye gato hariya?Icya kabiri, niba umuntu arebye igishoro gikora ku bucuruzi butagabanijwe ku bucuruzi, buzagaragaza ibindi bicuruzwa, bwazamutseho gato kuva muri Werurwe kuva ku minsi 90 bugera ku minsi 112.Nigute umuntu yakagombye kureba umurongo ugenda hejuru aha?
Ritesh rero, tumaze gusobanura itumanaho ryambere ko kubara nibindi byose kuruhande rwa Adhesive kandi byose byazamutse cyane kubera kugaruka kugurisha kwabaye.Ibyo rero bizakosorwa muri Q4.Kandi twizere ko, rimwe - birababaje, Q3, kubera ko Q3, nta mpapuro ziringaniza kumurongo rusange, ariko tuzasangira nimero zose zingenzi mumuhamagaro wa Q3.Numero ya Q4 rero imaze gusohoka, impapuro zuzuye zumwaka, uzabona ko hazabaho kugabanuka gukabije kurwego rwibaruramutungo nanone kubera ko aribwo bubiko buke, butari - turateganya kugumana natwe kubera iki giciro kizamuka muri CPVC imbere kandi kubera uku kugaruka kwibicuruzwa kuruhande rwa Adhesive.Niyo mpamvu ubona ibarura riri hejuru.Ariko na none ugereranije niterambere isosiyete yakoze mugice cya mbere, ntabwo iri hejuru.Ntabwo rero ntekereza ko hazabaho guhangayika muri - [ni, sibyo]?Haba uruhande rwa Adhesive cyangwa uruhande rwumuyoboro mukuzenguruka gushora imari.
Icya kabiri, kubera ihungabana ryisoko, turabona kugabanywa neza kuruhande rwo kwishyura amafaranga.Rimwe na rimwe rero, uzabona ko iminsi yabagurijwe izamanuka, ariko iyo niyo ngamba yisosiyete ko niba tubona igiciro cyiza kumafaranga, ntakibazo dufite kumafaranga.Kandi abanyamabanki biteguye kudutera inkunga kuri 6.5% uyumunsi.Tuzoroherwa rero no gufata iyo nyungu no kunoza EBITDA yacu.Ntabwo rero mbona ikibazo mumwanya kugeza kurwego urwo arirwo rwose.
Noneho uza kubibazo byawe byo gufata poroteri.Nibisanzwe murwego rusange.Ibyo Sandeep bhai yagurishije byose, nabyo biri murwego rusange.Kandi ntayindi mpinduka uretse iyo.
Nyakubahwa, ikibazo cyanjye kireba hashobora kubaho itangwa ryiyongera kubateza imbere?Ndasaba gusa kumenya neza ko nta mpinduka zirenze.
Rwose, rwose 0 mumezi 6 kugeza 12 ari imbere, byibuze, rwose 0. Mubuhanga, turavugana.
Nyakubahwa, ushobora gutanga ibisobanuro kuburyo ibiciro bya PVC na CPVC byimutse mugihe cya Q2?Nigute bagenda kugeza ubu muri Q3?
Kimwe na Q2 rero, bombi bari murugendo rwo hejuru.CPVC rero nayo yazamutse kubera inshingano zo kurwanya guta.Kandi kimwe, PVC nayo yari kumurongo wo kuzamuka muri Q2.Na Q3 imbere, PVC yatangiye kugabanuka nonaha.Igabanywa ryambere ni INR 3 kuri kg na Reliance mukwezi k'Ukwakira.Kandi CPVC, ntitubona ko hazabaho kugabanuka kubiciro, ariko byinshi cyangwa bike, none guhera hano, bigomba gukomeza.Ntabwo tubona kuzamuka kuzamuka kuruhande rwa CPVC kumasoko.
Umwanya muto cyane uraboneka mubitonyanga kandi wenda INR 1 cyangwa INR 2, birashoboka - byinshi, bishobora kugira igabanywa, ariko birenze ibyo tutabona.Kuberako ubu ukwezi ibihe bizatangira.
Ninzinguzingo mubyukuri.Kubera imvura nigihe cyiminsi mikuru, hariho umuvuduko muke mubisabwa.Kandi simbona ikindi gitonyanga, mubyukuri.Na none, bizamuka.
Nibyo.Kandi nyakubahwa, mu miyoboro yawe, EBITDA yatanze raporo muri Q2, hari ikintu cyunguka ibarura?Niba kandi ari yego, urashobora kugereranya kimwe?
Nibyo.Ibyinshi rero mu iterambere rya EBITDA byaje ahanini biterwa ninyungu zikoreshwa mubikorwa na Rex EBITDA yagiye itera imbere.Nibyo byingenzi byingenzi, sibyo?
Nibyo, ibintu 2, rex gutera imbere nkuko ushobora kuvuga iterambere ryiterambere.Kuberako twazamuye igiciro cya CPVC 8%.Iyo rero niyo mpamvu nyamukuru yabyo.Ntabwo bigarukira gusa kubucuruzi bwimiyoboro.Nubwo waba ubona ubucuruzi bwa Adhesive nabwo, hari intera nini yateye imbere.Niba ukuyeho - niba ukuyemo umubare uhujwe - bajyana mubucuruzi bwa Standalone Umuyoboro, uzabona ko hari iterambere ryibikorwa bya Adhesive ubucuruzi bwuzuye.Ariko mubyukuri, ntabwo bigaragarira muri EBITDA kuko habaye igitonyanga kumurongo wo hejuru.Kubera iyo mpamvu, ibiciro byanjye byose byarazamutse.Kandi niba ari ikiguzi cyabakozi, niba ari ikiguzi cyubuyobozi, niba ari ayandi mafaranga yakoreshejwe.Ariko ubu igice cya kabiri nikigera - ubwiyongere bwijwi buzatangira kandi kuzamuka kumurongo wo hejuru bizatangira kuza, noneho ubukungu bwose bwinyungu nini buzaba buhari.Nzi neza rero ko mu gihembwe gitaha, ubucuruzi bwa Adhesive nabwo buzagira iterambere ryiza rya EBITDA kuko mubyukuri inyungu rusange yazamutse mu gice cya mbere, ariko ntigaragarira mu - guhinduka muri EBITDA kubera ishingiro rito kubera de-gukura kumurongo wo hejuru.
Urakoze cyane kubisubizo byawe kandi ndabashimira kumurongo mwiza wimibare kandi mbifurije hamwe nitsinda ryanyu Diwali nziza.
Twishimiye kumurongo mwiza wimibare.Ikibazo cyanjye rero kijyanye - hari ubushobozi bushya bwumuyoboro wa CPVC uza mu nganda?
Ibi simbizi.Ahari umukinnyi uriho ashobora kongera ubushobozi, ariko cyane - Ntabwo nzi neza ko umukinnyi mushya arimo kongerwamo.Abantu benshi baraganira, ariko sinkeka ko mfite amakuru yemewe nanjye ko umuntu azanye ubushobozi bwinshi cyangwa iki.Umukinnyi uriho ashobora kuba yongeyeho ubushobozi.
Nibyo.Nyakubahwa turimo kubona ibimenyetso byambere byinyungu za leta, ubutumwa bwa Har Ghar Jal?
Nibyiza, politiki iragenda ikorwa kurwego rwa leta.Ntabwo batangaje umushinga wanyuma wa politiki cyangwa ikindi kintu cyose, uko bashaka gukora, ariko ibyo birashobora kuba amahirwe akomeye.Ariko guhera uyu munsi, sinkeka ko hari numero ihari natwe.Niba musore mufite, nyamuneka musangire nanjye.Ariko ndatekereza ko bagikora.
Nibyo.Kandi nyakubahwa, nyuma, kubyerekeye amasoko yo gusimbuza.None nayahe mahirwe ashobora kuba mumasoko asimburwa?
Noneho rero gusimburwa birakomeje.Kuberako niba ubona inyubako iyo ari yo yose, iri hepfo - CPVC yatangiriye mugihugu mu 1999, hafi imyaka 20 cyangwa irenga.Ufata inyubako iyo ari yo yose imyaka 15 wongeyeho, izaba ifite umuyoboro wicyuma mugukoresha amazi ashyushye gusa.Amahirwe rero arahari.Bimwe bishya kuri ubu bucuruzi.
None se ijanisha rishobora kuba irihe, nyakubahwa, riracyariho, ritarasimbuwe?Hoba hariho (inaudible)?
Biragoye cyane kumenya iyo mibare kuko nta bushakashatsi burimo gukorwa ku isoko ryasimbuwe numwe mubasesengura uko ibintu bimeze.Nibura simfite numero yemewe nshobora gusangira nawe.
Banyarwandakazi, icyo cyari ikibazo cyanyuma.Ubu nshikirije inama Bwana Ritesh Shah kugirango asoze ibitekerezo.Urakoze, kandi kuri wewe, nyakubahwa.
Yego, urakoze, Aman.Hiranand nyakubahwa, Sandeep bhai, ufite ibitekerezo bisoza?Turashobora gufunga inyandiko.
Urakoze, Ritesh, nongeye kudutera inkunga.Ndashimira kandi abitabiriye amahugurwa bose bitabiriye guhamagarwa, kandi mbifurije mwese umwaka mwiza wa Diwali n'umwaka mushya muhire.
Murakoze, mwese, kandi mutegereje kongera guhuza nawe nyuma y'amezi 3 uhereye ubu.Mugire Diwali nziza nibiruhuko byiza nabyo.Murakoze, mwese, kandi murakoze, Ritesh.
Banyarwandakazi, mu izina rya Investec Capital Services isoza iyi nama.Urakoze kwifatanya natwe, kandi ubu ushobora guhagarika imirongo yawe.
Igihe cyo kohereza: Ugushyingo-04-2019