AXISCADES
Engineering Technologies Ltd closes at ₹61.95 with a Gain of + 5.00
%
on 06-July- 2020 with formation of
a Long Red
Candle on Daily Price Chart.
About the Company : AXISCADES Engineering Technologies operates in the business
of Engineering Design Services.
The Company has posted Net Sales / Revenue of ₹672.90 & Net Profit of ₹30.30 Cr in FY2020 and expected
to post Net Sales / Revenue of ₹731.70 Cr & Net
Profit of ₹31.90 Cr in FY2021 and Net
Sales / Revenue of ₹805.10 Cr & Net Profit of ₹39.30Cr in FY2022 .
Valuations : The Company
is now Trading at X 0.50 of its Value.
We have valued the company with its
expected Financial Year 2020 earnings
, which is now almost ~50% Discount
to its value and X 0.43 of its FY 2021 earning with a Discount of ~57%
and X 0.35 of its FY 2022 earning
with a Discount of ~ 65% .
Strengths : 1. Cash Generated from Operations: 1.75x growth to INR 649
Mn vs 371Mn.
2.The company bagged 2 multiyear, multi-million
contracts.
The company bagged 2
multiyear, multi-million contracts.
1.
Expanded relationship with prestigious European systems OEM to USD 10
Mn.
2. Added 9
new customers during the year mostly in heavy engineering and in automotive
domain. Some of the customers have the potential to translate into USD 1 Mn+
accounts in the near future.
The Fare Value of Equity Per
Share is ₹144 for FY2021 and ₹ 176 for FY2022.
Disclaimer :
We are / may going to take exposure shortly.
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Data
Source | NSE
Website | Screener.In | Capital
Line | Money Control |
The author tracks economic, behavioural and corporate
tends, hoping to gauge good avenues of return based on Fundamental Valuations
of Stocks, a follower of EPV method. You
can reach me/us at | Twitter # NiftyNext1 |
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