Technofunda Study
Potential Upside (20-50% in 3-5 months)
Technocraft industries
KirloskarFerrous
Thread on business , details and chart are attached below.
This is not a buy/sell recommendation
Do ur own study before invest in it.
Don't buy in hurry , wait for opportunity
Technocraft Industries was incorporated in 1992. It has presence in five main business industries viz., Drum Closures, Scaffolding systems, Cotton Yarn, Fabric, Garments and Engineering Services.
Company has manufacturing facilities in India and China
Scaffolding and Formwork (38%)
It is a temporary structure used to support people and material in the construction industries, real estate and any other large structures. It is a modular system of metal pipes or tubes , exports approximately 70% Scaffolding Formwork out of india
Yarn and fabric (32%)
Company produces a variety of products ranging from NE 20 to NE 40, Carded and Combed varieties of Cotton Yarn. Company exports approx. 71% of Yarn products mainly in Europe, Asia, Latin America etc.
It has vertically integrated textile division of manufacturing of Yarn, Fabric, Garments, it has facility of producing cotton yarn, mélange yarn, also having facility of knitting, dyeing and printing and garmenting.
Drum Closures (26%)
one of the largest manufacturer of high precision and sophisticated Drum Closures Products. Out of the total revenue of the drum division approx 90% revenue comes from export sales.
It continues to enjoy a worldwide market share of about 36% excluding China.
Market Cap 1,661 Cr.
Current Price 679
Stock P/E 13.6
Book Value 438
ROCE 12.4 %
ROE 12.1 %
Investor Sunil singhania backed Abakkus Ewmerging Opportunities Fund hv stake around 2.5%
FII/DII increasing stake
Technocraft Industries
Can enter with small quantity on CMP add more in dips as given
SL below 550
upside as given in chart
2. KFIL, incorporated in 1991, is a part of the Pune-based Kirloskar Group. KFIL manufactures pig iron and ferrous castings
such as cylinder blocks,cylinder heads, and transmission parts and different types of housings required by automobile, tractor and diesel engine industries.
It is one of the leading players in foundry-grade pig iron manufacturing and ferrous castings in the domestic market
Vision
Be a sustainable growing organisation creating value to all stakeholders
Mission: To become a Billion $ company by 2030
PIG IRON
To be a lowest cost producer
Expand in to value added products
To achieve 0.7 Million Tons of liquid metal by 2022
Casting
Exceed customer expectation in Product development, Quality & Delivery
To achieve 0.2 Million Tons casting sales by 2025
Expand into new segments
The company's Pig iron division has a market share of 40-42% in its market & its castings division has a market share of 21% in its respective industry.
Manufacturing Capacities
The company owns 2 manufacturing facilities in Koppal, Karnataka & Solapur, Maharashtra. Capacities are:-
Pig Iron - 400,000 tonnes p.a.
Castings - 130,000 tonnes p.a.
Coke - 200,000 tonnes p.a.
With the future capex at Koppal plant & the commencement of Pig iron plant situated at Hiryur which is acquired from VSL Steel Ltd, pig iron capacity will increase to 680,000 tonnes p.a.
Expansion Plans
The company recently completed its capex towards solar power plant, railway sidings, acquisition of Hiryur plant & commencement of Coke Oven with Power Plant with investments of ~550 crores.
It has proposed capex outlay for major projects like operation of 2 iron ore mines, PCI & MBF-2 upgradation & phase 2 of its Coke Oven Plant from 200,000 TPA to 400,000 TPA. & Power from 20 MW to 40 MW.
Thread of Some mistakes retail traders/investors do
Would appreciate Retweet ,like/share as it helps many new people in market and encourage us to work more for our followers. #trading#investing
👉 Cutting winners too soon
This is a very common mistake. New traders are too quick to take a small profit when a position starts to go their way and miss the really big move. Be patient with winning trades.
👉Perhaps, it's human nature to take small gains. However, to really make a lot of money trading, you should try to be very profitable on a few trades.
👉Peter Lynch is a famous capitalist and fund manager. At present, Peter Lynch net worth is $450 million.
👉As the manager of Fidelity Investments’ Magellan Fund from 1977 to 1990 – which averaged a 29.2% return during that time and grew from $18 million in assets to $14 billion,
👉Since retirement, he is involved in extending his knowledge on investment strategies and philanthropic activities. He is well known for his skills in managing the Magellan Fund and providing the investors with the highest returns.
5 swing trade strategies below that you can use to identify trading opportunities and manage your trades from buy to sell.
Plz retweet and share if u like
1. Fibonacci retracements
The Fibonacci retracement pattern can be used to help traders identify support and resistance levels, and therefore possible reversal levels on stock charts. Stocks often tend to retrace a certain percentage within a trend before reversing again
and plot horizontal lines at classic Fib. ratios of 23.6%, 38.2% and 61.8% on a stock chart can reveal potential reversal levels.U often look at the 50% level as well, even though it doesnt fit the Fib. pattern, because stocks tend to reverse after retracing half of the last move
Fundamental analysis and particularly quantitative fundamental analysis is the searchlight you can use to shine a light on stocks before they catch fire.
In simple, it measures the intrinsic value of a stock by studying various factors affecting it.
It is the value of a stock as determined by qualitative and quantitative methods of fundamental analysis. The intrinsic value might be higher or lower than its actual market value.
In quantitative analysis, you justify buying stocks by studying the underlying numbers that make a successful company. Simply put, stock prices and shares are numbers. Investment is about maximising those numbers and both these factors depend on the company’s numbers.