A would-be Multi-bagger.
CMP 391 Add 50% here and add 50% only at 298 (if it comes)
Target 900+ in 2 years, 1500+ in 3 years, 2000+ in 4 years from now.
Nature of Business: They provide tubular solutions to a diverse range of industries & niche markets in core sectors such as automotive, tractors, earthmovers, hydraulics, and general engineering.
So it is proxy for multiple industries. Especially, Automobile and Infra (which is one of the strong themes of India this Decade.
Has strong MOAT on Cold Drawn Seamless Tubes in India
SWOT:
Strength:
Rising Net Cash Flow and Cash from Operating activity
Very strong Promotor holding 73%
NO Debt, NO pledge
Weakness:
Slightly reduced PAT and PAT Margins on QoQ
Opportunities::
Margins are high in the business.
Threats:
No threats for now.
Risks:
Market Cap is just 500 Cr.
Small company, so should be careful.
Single Plant (but of 28 Acres).
We are not SEBI registered Analysts. This is for educational purpose only. Make investment according to your advisor.
Research Team
Finpati (telegram)
