iifl-logo

Sudal Industries Ltd Management Discussions

100.01
(-2.90%)
Oct 7, 2025|12:00:00 AM

Sudal Industries Ltd Share Price Management Discussions

ANNEXURE - II

The aluminum extrusion market is highly competitive, with both large multinational companies and specialized aluminum extrusion manufacturers vying for market share. Key players are employing a variety of strategies to differentiate their offerings, enhance their production capabilities, and secure business. These strategies include:

• Vertical Integration: Companies are integrating various stages of the production chain, from aluminum sourcing to processing and extrusion, to ensure consistent quality, control costs, and enhance their supply chain.

• Commodity price volatility: Price fluctuations in primary aluminium and energy inputs remain a concern.

• Geopolitical disruptions: Regional conflicts and trade restrictions can impact global supply chains and raw material availability.

• Environmental compliance: As regulatory bodies tighten environmental norms, producers must invest in cleaner technologies and lifecycle assessments. The global aluminum extruded products market is poised for steady growth in 2025, driven by demand from key industries and a shift towards sustainable practices. In India, the market is expanding due to increasing industrialization and government initiatives supporting infrastructure development. However, the broader global economic landscape faces challenges due to trade tensions and policy uncertainties, which may impact market dynamics. As the year progresses, stakeholders in the aluminum extrusion industry must navigate these challenges while seizing opportunities for growth and innovation. Adaptation to changing market conditions and a commitment to sustainability will be crucial for long-term success.

• Aluminum Extruded Products Market Outlook (2025): Growth Amidst Challenges The global aluminum extruded products market is expected to reach a size of $48.97 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.1% from 2024. This growth is driven by increased demand from end-use industries such as construction, automotive, and mass transport. The construction industry, in particular, is a significant economic sector that encompasses the construction, repair, renovation, and maintenance of buildings, infrastructure, and engineering projects such as bridges and highways. Aluminum extruded products are widely employed in building construction and manufacturing industries. In India, the aluminum extrusion market reached a volume of 1,079,874.55 tons in 2024. Looking forward, the market is expected to reach 1,526,359.7 tons by 2033, exhibiting a growth rate (CAGR) of 3.72% during 2025-2033. This growth is driven by increasing demand in construction, automotive, and industrial sectors, along with technological advancements, urbanization, and sustainability initiatives.

Business Outlook and Opportunities To capitalize on the evolving market dynamics, the company is focusing on the following strategic initiatives:

• Expansion into Emerging Markets: Targeting growth opportunities in regions with increasing infrastructure development and demand for sustainable materials.

• Sustainability Initiatives: Strengthening commitments to environmental stewardship by increasing the use of recycled materials and adopting energy-efficient manufacturing processes. The global aluminum extruded products market is expected to reach a size of $48.97 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.1% from 2024. This growth is driven by increased demand from end-use industries such as construction, automotive, and mass transport. The construction industry, in particular, is a significant economic sector that encompasses the construction, repair, renovation, and maintenance of buildings, infrastructure, and engineering projects such as bridges and highways. Aluminum extruded products are widely employed in building construction and manufacturing industries. The global aluminium extrusions industry is on a resilient growth trajectory, propelled by sustainability imperatives, technological advancements, and rising global consumption. As economies transition toward greener, lighter, and smarter solutions, aluminium extrusions will remain central to global manufacturing and infrastructure paradigms.

• Green Energy Transition: The energy crisis has catalyzed a faster transition to renewable energy and electric vehicles-key growth drivers for aluminium extrusions. o Post-War Reconstruction: The eventual reconstruction of Ukrainian infrastructure could generate substantial demand for building materials, transportation systems, and modern manufacturing, where aluminium will play a key role. The Ukraine-Russia war continues to present challenges in the form of economic uncertainty, elevated costs, and geopolitical risk. However, it also underscores the importance of resilient supply chains, sustainable energy use, and strategic agility. As the situation evolves, our focus remains on safeguarding operational continuity, adapting to new market realities, and positioning ourselves to capitalize on long-term structural changes that are reshaping global industry. Indian Aluminium & Aluminium Extrusion Market Outlook The India aluminum extrusion market size reached 982,980.4 Tons in 2022. Looking forward, IMARC Group expects the market to reach 1,288,202.3 Tons by 2028, exhibiting a growth rate (CAGR) of 4.49% during 2023-2028. Aluminium extrusion is a widely adopted manufacturing process that entails the transformation of aluminium alloy into specific cross-sectional profiles. The procedure involves the utilization of a cylindrical billet of aluminium, which is heated to a pliable state and then forced through a shaped die by a hydraulic press or ram. The result is a uniform, elongated piece with the same profile as the die, commonly used in the production of structural components, window frames, and various industrial applications. Aluminiums lightweight nature, coupled with its remarkable strength and resistance to corrosion, makes it an ideal material for extrusion. The efficiency of this process has led to its broad utilization in multiple sectors, including automotive, construction, electronics, and transportation, representing a critical facet of modern industrial manufacturing. The Indian Aluminium Extrusion market is witnessing substantial growth, buoyed by the expanding construction industry in India, with its rising demand for lightweight and energy-efficient materials. Additionally, the automotive sectors increasing reliance on lightweight and corrosionresistant components has fostered the markets expansion. Along with this, the governments push towards infrastructure development and sustainable practices further stimulates growth, aligning with global environmental concerns. In addition, advancements in extrusion technology, enabling more intricate and customized shapes, have unlocked new applications and opportunities within the Indian market.

Apart from this, the trend towards the utilization of recycled aluminium, reflecting the global shift towards sustainability, has also positively impacted the market. This, together with the anticipated growth in the electronics and transportation sectors is creating a positive market outlook. Some of the other factors driving the market include rapid industrialization and changing consumer preferences.

OPPORTUNITIES AND THREATS: We are constantly on the lookout for opportunities that knock on our doors, while keeping tab on the likely threats to our business. OpportunitiesPenetration of motor vehicles in developing economies and growing industrialization in emerging economies provide wider opportunities for the growth of the Aluminium sector. ThreatsCompetition from low cost manufacturers is likely to continue.

COMPANY OVERVIEW AND GROWTH STRATEGY: Improved service, prompt response and wider reach to dealers, distributors and the satisfaction of customers have been our continued endeavour for business development.

SEXUAL HARASSMENT POLICY: The Company has in place an Anti Sexual Harassment Policy in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013 covering all employees of the Company. No instance of sexual harassment was reported during FY 2024-25.

SHAREHOLDERS COMPLAINTS: The Company has not received any complaints during the year.

CODE OF ETHICS AND BUSINESS CONDUCT: The Company has adopted a Code of Ethics and Business Conduct applicable to all Board Members as mentioned above and Senior Management of the Company, a copy of which is available on the Companys website www.centuryextrusions.com. All the Board members and senior management personnel have confirmed compliance with the Code. Whistle Blower Policy has also been adopted by the Company as an extension to the Code of Ethics and Business Conduct.

CODE FOR PREVENTION OF INSIDER TRADING: The Company has adopted an Insider Trading Code in terms of the SEBI (Prohibition of Insider Trading) Regulations, 2015. A copy of which is available on the Companys website www.centuryextrusions.com. All the directors, employees at senior management level and other employees who could have access to the unpublished price sensitive information of the Company are governed by this code. The Company regularly monitors transactions undertaken by the employees of the Company in terms of the Code. The Company also informs the Stock Exchange(s) periodically about the transactions undertaken by the designated employees and their shareholdings as per the regulations. The Company has appointed the Company Secretary as Compliance Officer who is responsible for setting the procedures and implementation of the code of conduct for trading in Companys securities. During the year under review, there has been due compliance with the said code.

CERTIFICATE FROM THE MANAGING DIRECTOR AND THE CHIEF FINANCIAL OFFICER: Certificate from Mr. Sudarshan S Chokhani Managing Director and Mr. Mukesh V Ashar, Chief Financial Officer, in terms of Regulation 17(8) and the quarterly certificate from Mr. Sudarshan S Chokhani , Managing Director and Mr. Mukesh V ashar, Chief Financial Officer, in terms of Regulation 33(2A) of the SEBI Listing Regulations of the SEBI Listing Regulations for the financial year ended 31st March, 2025 was placed before the Board of Directors of the Company in its Meeting held on 30.05.2025.

CERTIFICATE FROM A COMPANY SECRETARY IN PRACTICE: The Company has obtained a Certificate from a Company Secretary in practice Mr. Jaysh Shah , Practising Company Secretaries stating that none of the Directors on the Board of the Company have been debarred or disqualified from being appointed or continuing as Directors of Companies by the Securities and Exchange Board of India, Ministry of Corporate Affairs or any other such statutory authority.

ACCEPTANCE OF RECOMMENDATIONS OF ANY COMMITTEE OF THE BOARD All the recommendations made by any Committee of the Board during the financial year 2024-25 have been duly accepted and taken on record by the Board of Directors of the Company.

DECLARATION BY THE MANAGING DIRECTOR REGARDING COMPLIANCE WITH THE COMPANYS CODE OF CONDUCT UNDER REGULATION 26(3) OF THE SEBI LISTING REGULATIONS

I hereby confirm that the Company has obtained from all the members of the Board and Senior Management, affirmation that they have complied with the Companys Code of Business Conduct and Ethics for Directors and Senior Management in respect of the financial year 2024-

CAUTIONARY STATEMENT

Statements forming part of the Management Discussion and Analysis covered in this report may be forward-looking within the meaning of applicable securities laws and regulations. Actual results may differ materially from those expressed in the statement. The Company takes no responsibility to publicly amend, modify or revise any forward looking statements on the basis of any subsequent developments, information or events.

Registered Office For and behalf of the Board of Directors of
A-5 MIDC Ambad Industrial Area Sudal Industries Limited
Mumbai Nashi Highway,
Nashik - 422010
Sudarshan Chokhani Mukesh V Ashar
Date: May 29, 2025 Managing Director CFO & Director
Place: Mumbai DIN: 00243355 DIN: 06929024

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016, BSE Enlistment Number (RA): 5016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.