One is probably the biggest one was the acquisition of a UK
Simmonds Marshall
cheap Canada Goose Manufacturing company showed a return of close to 400 percent in Q4. The company after having a challenging year is looking forward to a growth of 20 to 30 percent revenue growth in the next 12 months. cheap Canada Goose
In an interview with CNBC TV18, Navroze S Marshall, MD of said that canada goose outlet sale diversification in product range helped the sales and profit when one or two sectors slowed down canada goose outlet online and the others performed well in the last year.
canadian goose jacket of UK Company last year to manufacture an export and a big drive internally to focus on margins and not just growth has aided the margin growth in the last few quarters, said Marshall. canadian goose jacket
Reema: Your company supplies to many names like Suzuki, Ashok Leyland as well as Honda. We just got the April monthly sales canada goose jacket outlet numbers and these key clients have actually clocked in very strong growth. So, for Maruti it is a growth of nearly 30 percent in the month of April on canada goose outlet new york city year on year (YoY) basis. Ashok Leyland has clocked in a growth of close to about 43 canada goose outlet jackets percent. What is the outlook looking for as we head into FY16? What could the revenue look like?
Canada Goose sale A: Things seems to pick up slowly. We have had a reasonably challenging year for the last 12 months but things are definitely picking up for the next 12 months. If you look at commercial vehicle, you are definitely seeing a surge and the canada goose outlet canada two wheelers space is also stabilising. So, we have had a 30 percent growth from sales YoY and about 60 percent growth in our profits YoY. As far as the topline is concerned we would like to see similar growth pattern for the next 12 months. Canada Goose sale
canada goose Mangalam: We wanted to get a sense of your industrial sector as well. If you could throw some light on what products are the ones that you supply to the industrial sector and what is your revenue outlook for that as well? canada goose
uk canada goose outlet A: We are fairly well diversified as far as canada goose outlet black friday the space is concerned and we supply canada goose outlet online uk right through the two wheelers, three wheelers, commercial vehicles (CV), four wheeler space, farm equipments, earth moving equipments etc. So we were a fairly good spread right across. Even in the last year while one or two sector showed growth a couple of the other sectors slowed down. uk canada goose outlet
Being canada goose outlet toronto factory diversified has helped us to not be hit too badly with one sector or another. Going forward, we will still be the sort of diversity that we have shown across sectors. On topline basis we should are looking at growing another 20 30 percent at least.
Reema: What percent of your revenue comes in from the automotives sector and what percent from industrials?
A: Automotive would be 80 85 percent actually.
Reema: And the rest would be industrials?
Reema: Who would be your key clients and what percent of revenue comes in from your top clients. Just want to understand about the concentration of risk.
Canada Goose online A: No customer is really much more than maybe 8 9 percent of sales. Again the diversity canada goose outlet in usa in sales is also spread across industries as well. Our top clients would probably be Honda, Bajaj, Volvo Eicher, Ashok Leyland; they would probably be our top four clients. canada goose outlet Canada Goose online
Mangalam: Since you canada goose outlet nyc gave us a revenue projection canada goose outlet uk sale of about 20 30 percent growth, could you also give us a sense of what capacity utilisation you are running at so that we canada goose outlet reviews know whether the company can foster that kind of growth or not?
canada goose uk black friday A: We are adding capacity. Depending on where the bottle necks are, we add capacity on a monthly or quarterly basis. We have had couple of acquisitions as well over the last three years, which have helped in this growth and we would be looking for that going forward if the opportunity does present itself. We would continue to look at such opportunities. canada goose uk black friday
canada goose coats on sale Our capacity utilisation today would be in the region of 55 60 percent, but as I said if there is any bottleneck, it is not so difficult to add to that capacity at any given point in time. canada goose coats on sale
Mangalam: Can you give us a sense of your balance sheet position as well. The kind of debt canada goose outlet you have and how the future capacity canada goose factory outlet expansion will be funded?
A: We manage to fund most of our incremental expansions with short term term loans or accrued profits. It is not often that we have needed to increase our debt substantially. In the balance sheet, if you see, the ratios they are reasonably healthy. The bank has always been quite supportive. Given the level of growth we have had over the last few years, they have been fairly supportive in goose outlet canada any expansion activity.
buy canada goose jacket cheap Reema: Just to get some numbers, what would the total long term debt be, working capital as well as any cash in the books? buy canada goose jacket cheap
canada goose uk outlet A: Our total debt is in the region of about Rs 18 20 crore which would include our short term as well as term loans. canada goose uk outlet
Canada Goose Online Reema: Is an acquisition likely in FY16 and if yes, what would be the key domain? Are you in discussion with any potential targets? Canada Goose Online
A: No, we are not really in discussions at present time with any potential targets. The acquisition that happened last year came to us and we managed to finish it in three to four months time. We are always going to be on the look out for such opportunities; nothing in the immediate horizon as we are speaking.
Canada Goose Jackets Mangalam: the two major products that you are in is the self locking nuts and special fasteners. So any plans moving into a different products category canada goose outlet store itself? Canada Goose Jackets
Canada Goose Outlet A: We are a 55 year old company and for the first 47 48 years, we were predominantly a nut manufacturing company. Over the last three to four years, we have expanded the product range quite substantially to become a canada goose outlet uk one stop shop solution for fasteners for any customer that we have. Canada Goose Outlet
canada goose clearance We have expanded our product range and acquired a company who is the top manufacturer of studs in Chennai. We have also expanded and invested in a canada goose outlet parka boat manufacturing unit for ourselves. Today, we are well positioned to supply a full range of fasteners to any of our customers. canada goose clearance
Reema: What aided the margin improvement in the prior quarters? In Q3, your standalone numbers, margins went up from 9 percent to fourteen http://www.canadagoosejacketoutlett.com and a half percent. What were the key drivers for this margin improvement and will they be present in FY16 as well with the company target on margins?
cheap canada goose uk A: Two main drivers were there. One is probably the biggest one was the acquisition of a UK company which we did early last year. It is a high canada goose outlet shop value product that we have acquired; a company to manufacture and export so that has definitely aided the margins canada goose black friday sale quite substantially. cheap canada goose uk
uk canada goose Secondly, there has been a big drive internally to focus on margins and not just growth. Over the last few years, there was quite a lot of drive to gain business at not any official canada goose outlet cost but aggressive in gaining business. We have looked inside and we really want to now focus on improving the margins. You are seeing some of the efforts that have been put in to make this happen uk canada goose.