The capital goods industry has clocked mid-double-digit revenue growth in the last two fiscals, spurred by continued government focus on developing infrastructure and increasing spends towards industrial automation and digitalisation.
In the near to medium term, while growth in government spending is expected to remain steady, private capex is likely to increase, supported by Production-Linked Incentive and as capacity utilisation in few sectors is increasing.
Operating profitability should remain comfortable on the back of better coverage of fixed overheads and softened input prices.
The impact of the ongoing Red Sea crisis will bear watching, though.
In this milieu, CRISIL Ratings is hosting a webinar on the sector, titled 'Seizing India's capex push' on March 12, 2024, at 3:00 pm
The webinar will feature a presentation by our experts on:
Overview of the capital goods sector in India
Demand drivers and growth outlook across end-user industries
Profitability trends
Outlook on the credit quality
The presentation will be followed by a panel discussion with sector experts and a Q&A session.
Disclaimer: This event and its content are intellectual property and confidential information of CRISIL. Any use of the same without written permission of CRISIL is illegal and hence punishable. Recording the webinar in any form in full or part or copying, altering, distributing or streaming the webinar is strictly prohibited and violation will attract legal action.
