New Year Pick - #DATAPATTNS #datapattern
CMP 760 on 31st Dec 2021, Expecting it minimum of 3x by 31st Dec 22.
Discloser – I have in my portfolio, I may have bias.
CMP 760 on 31st Dec 2021, Expecting it minimum of 3x by 31st Dec 22.
Discloser – I have in my portfolio, I may have bias.
1. DATAPATTNS - Upper limit of issue price was 585, available Rs 175 higher than CMP 760 on 31st Dec 2021.
2. Q1(Mar) company gets 90% of its revenue remaining three Qtr 0-10%. #DATAPATTNS #datapattern
2. Q1(Mar) company gets 90% of its revenue remaining three Qtr 0-10%. #DATAPATTNS #datapattern
3. Alphas
(a) Chairman and MD Srinivasagopalan Rangarajan @Data_Patterns energy-level, involvement, aspiration, and transparency. He is an IIT-Madras graduate.
(b) Issue price valued at ~49x of FY21 earnings, #MTAR is 149x, #Paras is 150x and #AstraMicrowave is 78.38x
(a) Chairman and MD Srinivasagopalan Rangarajan @Data_Patterns energy-level, involvement, aspiration, and transparency. He is an IIT-Madras graduate.
(b) Issue price valued at ~49x of FY21 earnings, #MTAR is 149x, #Paras is 150x and #AstraMicrowave is 78.38x
(c) Moat - Entry barrier, Trust for the components & products, Capital intensive industry, Proprietary Designs & develpmt. Entry barriers can be broken by tying up with foreign brands, make in India will restrict it.
(d) Certified Manufacturing Facilities having Internatnl stds.
(d) Certified Manufacturing Facilities having Internatnl stds.
(e) Progression from components to full production Model.
(f) Sustained high capital-intensive projects since 1998, shows the intention of mgmt.
(g) Developmental cost is covered by production cost and reusing in newer projects production contracts.
(f) Sustained high capital-intensive projects since 1998, shows the intention of mgmt.
(g) Developmental cost is covered by production cost and reusing in newer projects production contracts.
(h) Revenue from repeat orders, AMCs, training.
(i) Atam Nirbhar Bharat, Defence Negative list, and GFR-2017 will act as a catalyst.
(j) Rs. 581.3 crores Order Books lined up.
(i) Atam Nirbhar Bharat, Defence Negative list, and GFR-2017 will act as a catalyst.
(j) Rs. 581.3 crores Order Books lined up.
(k) Currently engaged in the supply of products to LCA (Tejas Mk I A), the HAL Dhruv, Light Utility Helicopter (LUH), and the BrahMos missile program, and in each of these projects, the company’s products are critical in nature.
(l) ESG compliant.
(l) ESG compliant.
4. Red-Flags
(a) Concentrated clients mostly G2G, PSU, Defence, Brahmos, and a few Satellites companies.
(b) 60.80 Cr Debt, 26.2% Shares of MD pledged with SBI. IPO proceeds will be used to repay.
(c) Receivable average 224 days, LT is struggling due to this.
(a) Concentrated clients mostly G2G, PSU, Defence, Brahmos, and a few Satellites companies.
(b) 60.80 Cr Debt, 26.2% Shares of MD pledged with SBI. IPO proceeds will be used to repay.
(c) Receivable average 224 days, LT is struggling due to this.
Red-Flags
(d) Significant Working Capital Requirements.
(e) Changes in Raw material Prices.
(f) Tenders and biddings are usually subject to intense price competition.
(d) Significant Working Capital Requirements.
(e) Changes in Raw material Prices.
(f) Tenders and biddings are usually subject to intense price competition.
#DATAPATTNS #datapattern Benefits with this done deal. The Philippines government recently allocated 2.8 billion pesos ($55.5 million) for initial funding for the BrahMos cruise missile. hindustantimes.com/india-news/don…
India likely to sell BrahMos to Vietnam too. Rajnath assures Vietnam for modernizing its armed forces. India is in talks with Vietnam, which has maritime border issues with China, interested in acquiring BrahMos. Nothing in black and white but expecting the deal to be signed.
Comparison of #DataPatterns with Peers 
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