Capex plans are the budget allocations set aside by a company for investments, which can be used to fund various business expansion and modernization projects.
These investments are made to expand production capacity, improve efficiency, and for other purposes to enhance the overall business performance. It is essential for companies to execute their growth strategies and stay competitive in the market.
Here are the 3 stocks that have capex plans of up to Rs. 15,000 Crores.
Jai Balaji Industries
Jai Balaji Industries Limited is engaged in the business of manufacturing iron and steel products like sponge iron, pig iron, ductile iron pipe, and many more.
In the day’s trade, On January 5, 2024, the shares of Jai Balaji Industries Limited closed at Rs. 865, up 1.90 percent from its previous day’s close price of Rs. 848.90 and its market capitalization is Rs. 13,878 Crores.
Its revenue from operations grew by 30.53 percent from Rs. 4,692.5 Crores in FY22 to Rs. 6,125.07 Crores in FY23, accompanied by increasing profits of Rs. 48.06 Crores to Rs. 57.83 Crores.
Jai Balaji Industries has planned a capex of Rs. 1,000 Crores for the following operational years to enhance the capacity of DI pipes and special-grade ferroalloys at its Durgapur plant in West Bengal.
It expects to complete the capacity expansion project in 18 months and it also aims to become net debt-free by repaying the existing debt of Rs. 560 crores.
SRF
SRF Limited is engaged in the business of manufacturing and supplying technical textiles, chemicals, packaging films, aluminum foils, and other polymers.
In the day’s trade, On January 5, 2024, the shares of SRF Limited closed at Rs. 2,482, down 0.94 percent from its previous day’s close price of Rs. 2,505.55 and its market capitalization is Rs. 73,572 Crores.
Its revenue from operations grew 19.6 percent from Rs. 12,433.66 Crores in FY22 to Rs. 14,870.25 Crores in FY23, accompanied by increasing profits of Rs. 1,888.92 Crores to Rs. 2,162.34 Crores.
SRF Limited has capex plans of Rs. 15000 Crores over the next 5 years and as for FY24 it has capex plans of Rs. 2500 Crores.
Nestle India
Nestlé India is the Indian subsidiary of Nestle which is a Swiss MNC, it is the world’s largest food and beverage company with more than 2000 brands ranging from global icons to local Favorites. It has a wide distribution network with More than 2,000 distributors and 4500 suppliers over India.
In the day’s trade, On January 5, 2024, the shares of Nestle India Limited closed at Rs.2,668.10, and its market capitalization is Rs. 2,57,131 Crores
Its revenue from operations grew 14.63 percent from Rs. 14,740.59 Crores in FY22 to Rs. 16,896.96 Crores in FY23, accompanied by increasing profits of Rs. 2,118.41 Crores to Rs. 2,390.52 Crores.
Nestle India has announced significant capex plans to ramp up its capacity, it plans to invest Rs 4,200 crore by 2025, including setting up a new plant in Odisha and expanding its existing manufacturing facilities.
Written by: Bharath K.S
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