Thursday, July 9, 2020
Tuesday, July 7, 2020
AXISCADES Engineering Technologies Ltd – A Multiplyer
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.
Join Us at Telegram # https://t.me/TheNiftyNext
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 |
e-Mail : Mail@NiftyNext.Com
| Tel +91 8802230836 | Telegram # TheNiftyNext |
Sunday, July 5, 2020
Muthoot Capital Services Ltd – Ride the wave of Pre-owned car demand in times of Covid-19
Muthoot Capital Services Ltd closes at ₹405.30 with
a Gain of + 4.70 %
on 03-July- 2020 with formation of
a Green Candle
on Daily Price Chart.
About the Company : Muthoot Capital Services is a
Systemically Important Deposit Accepting Non-Banking Financial Company (NBFC)
primarily engaged in the business of financing for purchase of automobiles,
mainly two wheelers against hypothecation of the vehicles and granting of
personal/business loans etc.The Company has
posted Net Sales / Revenue of ₹194.90 Cr & Net Profit
of ₹26.70 Cr in FY2020 and expected to post Net Sales /
Revenue of ₹185.20 Cr & Net Profit of ₹22.60 Cr in FY2021
and Net Sales / Revenue of ₹218.50 Cr &
Net Profit of ₹33.30 Cr in FY2022 .
Valuations : The
Company is now Trading at X 0.60 of its
Value. We have valued the company with its
expected Financial Year 2020 earnings
, which is now almost ~40% Discount
to its value .
The Company has total assets of ₹2587.20 Cr and Net Debt of ₹1905.40 Cr in its books as on
31.03.2020. Return on Equity (RoE) is 12.3%( declined from 18.90% of FY2019);
RoA is 2.34%; EPS is 36.8.
Why it is in Focus: The sale of used car has increased
to 5Mn units in 2020 from 3.5 mn in 2014.
“ A study by second-hand car dealer Cars24 showed 22.5 per cent of the consumers, who were planning on
buying a new car last year, would prefer used cars now due to limited budget.”
( Media Report )
The Fare Value of Equity Per
Share is ₹802 for FY2021 and ₹ 1023 for FY2022 ( based on 10% expected growth )
Disclaimer : We are / may going to take exposure shortly.
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
| e-Mail : Mail@NiftyNext.Com | Tel
+91 8802230836 | Telegram #
TheNiftyNext |
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