{"id":133590,"date":"2022-08-30T08:10:39","date_gmt":"2022-08-30T12:10:39","guid":{"rendered":"https:\/\/44.250.171.167\/?p=133590"},"modified":"2022-10-06T04:44:18","modified_gmt":"2022-10-06T08:44:18","slug":"mitsu-chem-plast-ltd-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/mitsu-chem-plast-ltd-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Mitsu Chem Plast Ltd Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Mitsu Chem Plast Ltd Q1 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/277j_x20WTY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Mitsu Chem Plast Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/MITSU\/\">MITSU<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Nairit Gala of TSG Capital asked about the number of clients added in 1Q23 vs. 4Q22. Manish Dedhia CFO replied that new clients added is about 25 plus in 1Q23 mostly from chemical and pharmaceutical industry only.<\/li>\n<\/ul>\n<ul>\n<li>Nairit Gala of TSG Capital asked about the volume growth vs. the price growth in 1Q23. Manish Dedhia CFO answered that prices have increased drastically in last couple of quarters. The volume growth is around 20% against price appreciation of about 20-22%.<\/li>\n<\/ul>\n<ul>\n<li>Nairit Gala of TSG Capital enquired about the geographies MITSU is targeting for FMCG. Manish Dedhia CFO clarified that there is a depo only in north and south currently. But added that right now, expansion will come only in the Khalapur Maharashtra plant.<\/li>\n<\/ul>\n<ul>\n<li>Rohit Suresh from Samatva Investments asked about the hospital furniture segment and its contribution to the MITSU revenue. Manish Dedhia CFO answered that the company is constantly growing in the segment except in 1Q23, with good contribution from containers. The growth will continue in the approx. 10-13% in the furniture part.<\/li>\n<\/ul>\n<ul>\n<li>Rohit Suresh from Samatva Investments also asked about the competitors in the hospital furniture segment. Manish Dedhia CFO replied that right now, the company is competing with the market from China, Germany and other countries.<\/li>\n<\/ul>\n<ul>\n<li>Rohit Suresh from Samatva Investments enquired that in the FMCG part, what kind of products MITSU will be focusing on. Manish Dedhia CFO answered that the company will start with lubricants initially and look for better margins.<\/li>\n<\/ul>\n<ul>\n<li>Rohit Suresh from Samatva Investments asked about capacity utilization for FY23. Kashmira Dedhia VP Accounts and Finance replied that for 1Q23, the company has 68% of capacity utilization. And the company will try to achieve 75% or plus for rest of year.<\/li>\n<\/ul>\n<ul>\n<li>Yashwant Ketkar asked about the working capital cycle, and receivables and inventory days. Kashmira Dedhia VP Accounts and Finance said that currently the growth operating cycle is around 77 days and net operating cycle is about 43 days. Also, this is going to increase going forward as MITSU is expecting a requirement of working capital with high growth in sales volume.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Mitsu Chem Plast Ltd (MITSU) Q1 FY23 Earnings Concall Q&amp;A Highlights: Nairit Gala of TSG Capital asked about the number of clients added in 1Q23 vs. 4Q22. Manish Dedhia CFO replied that new clients added is about 25 plus in 1Q23 mostly from chemical and pharmaceutical industry only. Nairit Gala of TSG [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Mitsu Chem Plast Ltd Q1 FY23 Earnings Conference Call Insights #MITSU #Q1 #FY23 #Earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[8519,9478],"class_list":["post-133590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-chemicals","tag-industirals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":136890,"url":"https:\/\/alphastreet.com\/india\/mitsu-chem-plast-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133590,"position":0},"title":"Mitsu Chem Plast Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 15, 2022","format":false,"excerpt":"Key highlights from Mitsu Chem Plast Ltd (MITSU) Q2 FY23 Earnings Concall Management Update: [00:04:13] MITSU said it\u2019s diversifying into new product category of plastic pail that\u2019s mainly used for packaging of lubricants, paint, ink and food for the FMCG industry. Q&A Highlights: [00:10:06] Nairit Gala from TSG Capital asked\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":136071,"url":"https:\/\/alphastreet.com\/india\/mitsu-chem-plast-ltd-mitsu-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":133590,"position":1},"title":"Mitsu Chem Plast Ltd (MITSU) Q1 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"August 11, 2022","format":false,"excerpt":"Mitsu Chem Plast Ltd (BSE: MITSU) Q1 FY23 Earnings Concall dated Aug. 11, 2022 Corporate Participants: Manish Dedhia\u00a0--\u00a0Joint Managing Director & Chief Financial Officer Kashmira Dedhia\u00a0--\u00a0Vice President, Finance & Accounts Analysts: Sumit Maru\u00a0--\u00a0Kiran Advisors Private Limited -- Analyst Manan Poladia\u00a0--\u00a0MKP Securities -- Analyst Narit\u00a0--\u00a0TSG Capital -- Analyst Rohit Suresh\u00a0--\u00a0Samatva Investments\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":146830,"url":"https:\/\/alphastreet.com\/india\/mitsu-chem-plast-ltd-mitsu-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":133590,"position":2},"title":"Mitsu Chem Plast Ltd (MITSU) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 21, 2023","format":false,"excerpt":"Mitsu Chem Plast Ltd (NSE:MITSU) Q4 FY23 Earnings Concall dated May. 16, 2023. Corporate Participants: Unidentified Speaker\u00a0-- Manish Dedhia\u00a0--\u00a0Joint Managing Director and Chief Financial Officer Kashmira Dedhia\u00a0--\u00a0Vice President, Accounts and Finance Analysts: Unidentified Participant\u00a0--\u00a0-- Analyst Anant Chaudhary\u00a0--\u00a0Electrum Portfolio -- Analyst Sriram R\u00a0--\u00a0Investor -- Analyst Prakash Jaiswal\u00a0--\u00a0Investor -- Analyst Akhil Parekh\u00a0--\u00a0Centrum\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179219,"url":"https:\/\/alphastreet.com\/india\/mitsu-chem-plast-ltd-mitsu-q3-2026-earnings-call-transcript\/","url_meta":{"origin":133590,"position":3},"title":"Mitsu Chem Plast Ltd (MITSU) Q3 2026 Earnings Call Transcript","author":"News desk","date":"February 2, 2026","format":false,"excerpt":"Mitsu Chem Plast Ltd (NSE: MITSU) Q3 2026 Earnings Call dated Feb. 02, 2026 Corporate Participants: Ganesh Nalawade \u2014 Investor Relations, Kirin Advisors Manish Dedhia \u2014 Joint Managing Director & Chief Financial Officer Kashmira Dedhia \u2014 General Manager, Account and Finance. Analysts: Aditya Singla \u2014 Analyst Maitri Shah \u2014 Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":178914,"url":"https:\/\/alphastreet.com\/india\/mitsu-chem-plast-limiteds-q3-fy26-ebitda-rises-73-and-net-profit-grows-217-yoy\/","url_meta":{"origin":133590,"position":4},"title":"Mitsu Chem Plast Limited&#8217;s Q3 FY26 EBITDA Rises 73% and Net Profit Grows 217% YoY","author":"Staff Correspondent","date":"February 2, 2026","format":false,"excerpt":"About Mitsu Chem Plast Ltd. Mitsu Chem Plast Ltd. (NSE: MITSU and BSE: 540078) engages in the manufacture of plastic blow-molded and injection-molded products. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2016-09-09. The firm's container product group includes blow-molded and injection molded products, ranging from\u2026","rel":"","context":"In &quot;Other Industries&quot;","block_context":{"text":"Other Industries","link":"https:\/\/alphastreet.com\/india\/category\/other-industries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":133492,"url":"https:\/\/alphastreet.com\/india\/heg-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133590,"position":5},"title":"HEG Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 29, 2022","format":false,"excerpt":"https:\/\/youtu.be\/rStQaBDBBUY Key highlights from HEG Limited (HEG) Q1 FY23 Earnings Concall Q&A Highlights: Dhawal Doshi of Pinpoint Asset asked how the company is seeing needle coke pricing given crude has started correcting. Manish Gulati ED said the needle coke prices for the last two quarters, purchase prices have been at\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/133590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=133590"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/133590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=133590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=133590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=133590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}