In an interview to CNBC-TV18, Sharma shares his optimism of improving margins on the back of value-added products.
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Furthermore, Sharma says the metal company will focus on value added products like lead power and sheets in the days to come.
Below is the edited transcript of Sharma's interview to CNBC-TV18.
Q: The stock has been very excited for the last few days, has there been any de1evelopment in the company, any news deal wins, anything that is perhaps on the anvil that we should know?
A: After a long time we found that the stock is showing a positive sign in the market but on the company front, we have done good exports in last quarter. In the current quarters, due to rupee depreciation, whatever expansion we planned last year, it is happening in the coming quarters.
Q: What about your capacity expansion plans, by when would the plans materialize and how much will your capacity expand to?
A: Last year, we had planned capacity expansion. Out of that, we were able to utilize the capacity in the current year because mainly the capacities were increased at Jaipur facility. Hence, the results are coming in this quarter and the last quarter wherein we were able to export the finished product from our Jaipur facility.
We further expect that in the coming quarters we will able to produce our value added items like lead powder, lead sheets. So we hope that capacity utilisation will happen in Q4.
Q: Overall for FY15 what is it that you are expecting by way of revenue as well as EBITDA margins?
A: We should grow at 25-30 percent from FY15.
Q: Will your margins improve because of these value added products etc?
A: Yes, certainly these will be the ones where margins will certainly improve but certain other products where we have penetrated the market like US market and other far east market to compete, there we may have big pressure on our margins but we hope that by having value added products, our margins will certainly improve in the coming fiscal year.
Gravita India stock price
On January 10, 2014, Gravita India closed at Rs 44.45, up Rs 1.20, or 2.77 percent. The 52-week high of the share was Rs 183.00 and the 52-week low was Rs 20.80.
The company's trailing 12-month (TTM) EPS was at Rs 1.96 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 22.68. The latest book value of the company is Rs 11.33 per share. At current value, the price-to-book value of the company is 3.92.
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