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CMR Green Technologies Ltd IPO

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Minimum Quantity

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Bidding Period

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About the CMR Green Technologies Ltd IPO

- The company is primarily focused on the recycling of aluminium, which involves the
processing of aluminium based metal scrap to manufacture aluminium and zinc alloys.
- The largest metal recycler in the domestic aluminium recycling industry and amongst the largest in the
world. (Source: CRISIL Report)

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Strengths

Leading recycler in the domestic aluminium recycling industry in India
India’s largest recycler of aluminium and zinc alloy ingots with a combined annual capacity of 310,700 MT as of FY21. In terms of liquid aluminium space,it has accounted for approximately 35-40% of the total secondary aluminium demand in India, in FY21.
(Source: Company DRHP)

Leading supplier of liquid aluminium alloy
The company is pioneer in the molten aluminium segment in the country and occupied approximately 35-40% of the market share in liquid secondary aluminium space in India, in Fiscal 2021, as per CRISIL Estimates(Source: Company DRHP)

Long-standing relationships with customers
During the Fiscal ended March 31, 2021, company catered to 60 customers on a standalone basis, and to a total of 116 customers on a consolidated basis. It has developed long-standing relationships with customers some of whom have been with them for over ten years(Source:Company DRHP)

Risks

Depend on a limited number of customers for significant portions of revenues
A significant proportion of revenues have historically been derived from a limited number of customers. Reliance on a limited number of customers for the business may generally involve several risks. (Source: Company DRHP)

Rely on third-party transportation providers could result in loss in sales.
Company depend on road transportation for procurement of raw materials and for supply of its products and failure by any of transportation providers could result in loss in sales (Source: Company DRHP)

Financials

  • Net Worth
  • Total Borrowings
  • Profit/Loss for the Year
  • Basic Earning per Share (EPS)

Industry Trends

- Robust demand growth for secondary aluminium over the past 5 years : Between fiscals 2015 to 2020, the demand for secondary aluminium is estimated to have grown by a 9-10% CAGR to 1.3 million tonnes in fiscal 2020. Better cost economics of secondary aluminium fuelled this growth.(Source: Company DRHP)

- Recycling capacity added at a CAGR of 7-9% over the past 5 years : The aluminium recycling industry is dominated by small and medium players and the total recycling capacity in India is estimated to have expanded from 1.25-1.3 million tonne in FY15 to 1.8-1.9 million tonne in FY20, at a CAGR of 7-9%(Source: Company DRHP)

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