Continuing with the investments theme this week, we take a look at companies which will incur a big capex in the ongoing fiscal year. This screener reflects companies which may see over 20% rise in their capex, revenue and net profit in FY23, according to Trendlyne’s forecaster. It reflects 50 stocks from Nifty 500 and 4 stocks from the Nifty 50 index. 

The screener features stocks from industries like cars & utility vehicles, heavy electrical equipment, non-alcoholic beverages, other apparels & accessories, and travel support services. Major stocks listed in the screener are IRCTC, Page Industries, Adani Ports, Asian Paints, Varun Beverages and Maruti Suzuki India.

IRCTC may see the highest capex rise of over 3X YoY in FY23. Analysts also expect the company’s annual revenue to jump by over 75% YoY in FY23 . The company’s Chief Financial Officer (CFO) expects the capex outlay to be Rs 250 crore for the new office and Rs 100 crore to upgrade the IT services.

The forecaster sees Asian Paints capex rising by over 94% YoY in FY23. The company also announced a new capex plan of Rs 6,750 crore post its Q2FY23 results. It seeks to expand its overall paints capacity by 30% in the next three years.

Maruti Suzuki India is likely to see its capex nearly double in FY23. Reports say the company will be spending more than Rs 7,000 crore during FY23, which is significantly more than the Rs 5,000-crore capex guidance given by it in April.