HomeNewsVideosBusinessStocksVesuvius India: Capex program likely to be completed in phases in CY24 | Stock of the day

Vesuvius India: Capex program likely to be completed in phases in CY24 | Stock of the day

Vesuvius India is one of the leaders in refractory material largely supplied to steel and other process industries. Vesuvius India has announced a capex of Rs 500 crore, of which Rs 100 crore was expended in CY22 and other are in the pipeline to be completed by CY24. Assuming an asset turn of 3x, which means doubling of revenues in 3-5 years assuming a growth of 18-20 percent. With higher revenue growth and operating leverage coming into the picture, we expect higher growth in EBITDA and profitability

October 09, 2023 / 14:53 IST
Story continues below Advertisement

Moneycontrol News
first published: Oct 9, 2023 02:53 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!