Forwarded message
NOT A BUY RECOMMENDATION
TRIVENI ENGINEERING -Buy Update
TECHNICAL:Triveni Engineering which has a higher top higher bottom structure had a vertical rise from levels of Rs 38 to 59.50. A 3 day correction has brought the stock to a low of 52.50 and finally closed in the green at 55.85. Such shallow correction clearly indicates that the stock is in a strong uptrend. One can buy at current levels and at declines to 51 where there is strong support. Once it crosses 61 it will swiftly move to levels of 66 to 68.
FUNDAMENTALS
SUGAR+GEARS+WATER SOLUTION+INVESTMENT
BEST EVER FY20-FY21 TO BE BETTER
TRIVENI ENGINEERING:TP 100+
TDG @ 4.12xFY20/3.45xFY21EEPS
#Raw Sugar Price 12.28 cents, 3 month High
#White Sugar 398/Dollars, Highest Since Feb
#Export Subsidy 57.66Cr not accounted in FY20
#Sugar stock 57.1 lakh quintals valued at 29.3/Kg Vs 34/Kg ex-mill. This itself will translate into 267cr Profit in FY21
*FY20 Vs FY19*:
1) Highest Ever Sales 4437Cr Vs 3152Cr, up 41%
2) Highest Ever Ebidta 579 Cr Vs 372 Cr, up 56%
3) Highest Ever PBT 446 Cr Vs 268Cr, up 66%
4) Highest Ever NP 335Cr Vs 216Cr, up 55%
5) Highest Ever EPS 13.32 Vs 8.39
*Q4 EPS 5.93 Vs 1.66, up 357% YoY*
Leader in High speed GEARS of 70000 rpm.
WATER SOLUTION biz Order book 1147 cr
INVESTMENT holds Equity of Triveni Turbine worth 600 cr
FY21EEPS 16-17