The company has demonstrated very effective cost control with 250bps margin expansion in FY19 and our estimates assume additional benefit of ~100bps base business margin expansion from the ongoing efforts.
Considering the quantum of amount notified, the ADD would make the Chinese and Korean imports (constituting 30% of India’s overall imports of CPVC resin/ compound) non-competitive vs their major global (particularly US and
Further, with the expected growth traction in decorative veneers, PVC sheets and low-end plywood segment (under brands ‘Jan Saathi’ and ‘Bharosa’), the management has guided for 7-9%/8-10% growth in volume/value in it
Concor has felt the impact of lower exports in certain segments (i.e. 35-40% of Concor's export cargo is meat to far East countries like Vietnam). Exports witnessed some recovery in July 2019. Imports, to company's surprise,
Strong order intake of $324 million reflecting a book-to-bill ratio of 1.23x should drive pick-up in revenue growth from Q2 with Mindtree now expecting to grow faster than industry average in FY20 vs earlier guidance for grow
UNOSUGEN, the brownfield expansion of the SUGEN plant, had signed up 278MW of its 382.5MW capacity with Distribution License (TPL-D) and the tariff on the same had been approved by CERC on a cost plus 15.5% RoE basis.