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Sejal Architectural sees FY11 topline at Rs 300cr
In an interview with CNBC-TV18, Amrut S Gada, Chairman and Managing Director of Sejal Architectural Glass Ltd, spoke about his outlook for the company.
Q: What do you hold right now by way of market share? What do you want to scale up your market share to post this expansion?
A: With this capacity, our market share will be around 18% in the clear glass market segment. Right now our current operation is in the processing where our market share on the high segment is around 25%. With the capacity of 550 tonne per day, our market share for the float market will be around 18%.
Q: Is it true that Sejal Architecture is providing FD at 12% for three years with an even higher rate for your distributors?
A: For shareholders its 1% extra and for three years its 12%. We are taking the public FD from last six months and we have now 1,700 FD holders. We got around Rs 8 crore from the FD.
Q: What will you end this year in terms of revenues and profits?
A: FY10 closing will not be very different from FY09. We are going to complete our topline around Rs 65 crore and profit after tax (PAT) will be around 2-2.5 crore. In the next year, FY11, where our float line getting the stream and ramping up the capacity, we are going to utilise around 65% capacity of our 550 tonne. We are going to achieve it around FY11 with topline of Rs 300 crore and PAT at around 5%. As being the first year, the depreciation is also high. Therefore, our industry EBITDA is around 30%.
