Key highlights

As per the management, automobile industry did well in CY 2015 which compensated to a large extent the slowdown in other industries. The growth in M&H CV segment was much awaited. The company was able to get good volumes and margins in this segment.

Innovation, new products and new ways and mechanisms of doing business is helping the company. More business came to the company from same customers.

There was not much competitive pressure and unorganized sector continues to lose market share.

The company expects some traction to be seen in Railways, mining, ferrous and non ferrous industries, construction, and engineering and special chemicals business in CY 2016.

Management expects CY 2016 to be another good year like CY 2015 wherein sectors and customers are showing lot of positive traction than CY 2015.

Management expects the utilization ratio to improve continuously. Currently the company is operating at around 75% of the overall capacity, and it can increase further without any capex being required.

No capex is planned by the company. As per the management, they are ready and if the economy improves beyond the expectation, then will go for some capex.

There are no plans for higher exports and Parent doesn't see the subsidiary as a hub for export markets. Whatever exports happens are to group companies and in Asian geography.