Key Points
The company aims to see a 15-20% YoY CAGR and the bottom and top lines are set to improve..
Despite muted numbers recently, margin has remained relatively stable as the company is an integrated player..
B Bhushan Agarwal, Vice Chairman & Managing Director, Shyam Metalics, says We have already announced the new capex of around close to Rs 3,900 crore and we are adding more capacity in the speciality alloy, adding more on the power gen side and different product mix..
We will see a CAGR of 15-20% on a year-on-year basis and simultaneously we will see the bottom line as well as the top line improving..
There are some carryover of the old inventory of last quarter but we had been very slow in taking the positioning, seeing the correction in the market and in the same quarter, we should be able to continue with the margin what we are enjoying and also because a lot of correction has been happening in the iron market, in the iron ore prices and the coal prices which is falling drastically, margin should not be a challenge...
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