WHV-EAM International Small Cap Equity Fund added 12.93 lakh shares at 230.70/share recently.
3/n
Keeping FY22 outlook in mind, we can expect stock to cross 275-300 in medium term and aim for 375-400 in longer term. Can be good add on dips till 200-175.
Attached technical chart gives stock outlook based on trends and patterns. Rounding Bottom seen in chart.
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1/n Market Cap: 3,848 Cr.
Reserves: 771.04 cr
ROCE: 20.44 %
ROE: 17.64 %
Face Value:10.00
Debt to equity:0.14
Days Payable Outstanding:91.27
Days Receivable Outstanding:152.27
Inventory Turnover Ratio:0.26
Debtors Turnover:2.19
Current Ratio:2.17
OPM: 23.24%
NPM: 22.41%
EPS: 8.53
2/n Established- 1973
Located- Hyderabad, India
MIDHANI has been set up to achieve self-reliance in production and supply of various super alloys, special steels and materials to Defence, other Strategic Sectors such as, aerospace and energy.
Let's understand why we should keep this company in our radar and invest for good real upside in 2021 end-2022 onward
1/n Market Cap: 1,140 Cr.
Reserves: 555 cr
Face Value: 5.00
ROCE: 18.12 %
ROE: 14.43 %
Debt to equity: 0.06
Days Payable Outstanding: 52.53
Days Inventory Outstanding: 160.29
Days Receivable Outstanding: 67.05
EPS: 15.47
Debtor Turnover Ratio: 3.7
Inventory Turnover Ratio: 17.95
2/n The global synthetic leather market size: 2019: USD 29.2 billion
Projection by 2027: USD 52.96 billion
It is projected to expand at a revenue-based CAGR of 7.8% during the forecast period.
Mayur Uniquoters: Leading manufacturer of Artificial Leather/PVC Vinyl in the world
Presence in India: 90 years+
Number of Plants: 02 (Ballabgarh and Aurangabad)
Tyres supplied to: Passenger Car Segment (pioneer in introducing tubeless radial tyres in this segment) & Farm Segment
1/n Goodyear manufactures automotive tyres viz. farm tyres and commercial truck tyres at its Ballabgarh plant. It also trades in “Goodyear” passenger car tyres (Radial) for Consumer business which are manufactured by Goodyear South Asia Tyres Private Ltd (‘GSATPL’), Aurangabad.
2/n Other products which the Company markets and sells include tubes and flaps.
Sales performance during the year:
Tyres: 1654.19 cr
Tubes: 86.60 cr
Flaps: 0.31 cr
Consumer replacement business delivered a strong performance by growing faster than the industry in FY 19-20.
Let's gather some insights on an excellent company which is a prime candidate for PF addition on dips.
FY19-20 Annual Report summary:
1/n (1) Principal Business Activities of Company
Manufacture of Electronic systems & components: 56%
Repair & Maintenance: 31%
Trading of machinery, equipment & supplies: 13%
2/n (2) The Company continues to focus on operating cash flows, has no outstanding borrowings and it believes that the working capital is sufficient to meet its current requirements. (3) There were 3,310 permanent employees on the rolls of Company as on March 31, 2020.