Greenpanel Industries conducted their earnings con-call today at 4:00 pm
"One of the major MDF player in India"
Here are the key highlights of the call 😀👇
@varinder_bansal @nid_rockz
- The company have divided forex loss in 2 parts: 7 crore in interest and 1 crore above EBITDA.
- Exports market: Anti dumping which was announced couple of weeks back has been confirmed by the government. This will improve the margins.
- Company has witnessed larger growth in towns and cities and things are slow in urban areas specially in western states.
- Extent of industrial growth from company point of view is that it have grown above 25 percent in previous times and further it can growth above 15 percent next quarter
- Non availability of containers for shipment is impacting imports.
- Company have sufficient space in Andhra Pradesh to do brownfield expansion
- Value added MDF contribution has gone up this quarter.
- For next couple of years growth can be of 15 to 20% in MDF segment. In plywood in bad times 3 to 4% and in good period 6 to 8%.
- Net debt: 452 crore at end of current quarter, 400cr by 31 March 2021 and Around 200 crore by 2022.
-There have been a change in the product mix for the company. There is a dip in plywood realization as people shifted to other alternative.
- After MDF full capacity expansion there will not be a lot of Marketing expenditure
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Many are upset at the bus attacks & Red Fort events during #FarmersProtest.
But have you paused to think what has brought about this situation? While magnifying impulsive actions by some protesters, do you miss to see State's systematic violence and erosion of rule of law?
If you are a believer in Constitution and legitimate processes, then the manner in which the Centre pushed the #FarmLaws & handled the #FarmersProstests should leave you distressed.
First, Centre brings these laws as Ordinances on subjects which are apparently in state list, through a colorable use of concurrent list. Principle of federalism negated, at least in spirit, if not in letter.
Then, bills are passed in Parliament without effective discussions.
No one can say for sure if the bills were actually passed in vote in Rajya Sabha. The whole process was brazenly dubious. The live telecast was stopped amid protests. Really shameful events.
So, lawful processes to address dissent undermined.
#FarmersProtest
#FarmLaws
Then some farm groups approach the Supreme Court raising some pertinent questions on constitutionality. Instead of considering legality, court ventures into political thicket by attempting mediation, that too with a hand-picked committee having only members supporting #FarmLaws .
But have you paused to think what has brought about this situation? While magnifying impulsive actions by some protesters, do you miss to see State's systematic violence and erosion of rule of law?
How it started: How it's going: pic.twitter.com/bwkqp3uYQu
— Manu Sebastian (@manuvichar) January 26, 2021
If you are a believer in Constitution and legitimate processes, then the manner in which the Centre pushed the #FarmLaws & handled the #FarmersProstests should leave you distressed.
First, Centre brings these laws as Ordinances on subjects which are apparently in state list, through a colorable use of concurrent list. Principle of federalism negated, at least in spirit, if not in letter.
Then, bills are passed in Parliament without effective discussions.
No one can say for sure if the bills were actually passed in vote in Rajya Sabha. The whole process was brazenly dubious. The live telecast was stopped amid protests. Really shameful events.
So, lawful processes to address dissent undermined.
#FarmersProtest
#FarmLaws
Then some farm groups approach the Supreme Court raising some pertinent questions on constitutionality. Instead of considering legality, court ventures into political thicket by attempting mediation, that too with a hand-picked committee having only members supporting #FarmLaws .
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1/OK, data mystery time.
This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".
The report is available here:
3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.
The graph cites the World Development Indicators as its source for the income inequality data.
4/The World Development Indicators are available at the World Bank's website.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".
The report is available here:
3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.
The graph cites the World Development Indicators as its source for the income inequality data.
4/The World Development Indicators are available at the World Bank's website.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
