Polycab India Ltd – Eyes international markets amid anti-China sentiments

Polycab India Ltd  closes   at ₹819.70 with  a  Gain   of   + 1.30%   on    31-July- 2020   with formation of  a  Long Green  Candle    on Daily  Price Chart.

About the Company : Polycab India is one of the largest manufacturers of various types of cables and wires. The Company is also in the business of Engineering, Procurement and Construction projects, Manufacturing and trading of Electrical Wiring Accessories, Electrical Appliances and Agro Pipe and pumps.

Polycab India Ltd  is now concentrating to increase the Export market by 10% growth in TOP line amidst anti china sentiments in world. It has identified 10 international market , where its product will be in demand.

Valuations  :  The Company is now Trading at X 1.10  of its  valuations ( last 4Quaters earnings considered here)at ~10% premium  and at X1.57 of its FY 2021, which is now almost  ~57%  Premium to its value and  X 0.94  of its FY 2022 earning with a Discount   of ~3%   .

The Fare Value of Equity Per Share is ₹722 for FY2020 and ₹ 522 for FY2021.

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 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext   |

Firstsource Solutions Ltd – A Healthcare, Banking and Financial & Mortgage segment adding value

Firstsource Solutions Ltd  closes   at ₹43.40  with  a  Gain   of   + 7.40  %   on    10-July- 2020   with formation of  a  Long Green  Candle    on Daily  Price Chart.

About the Company : Firstsource Solutions is engaged in the business of providing customer management services like contact center, transaction processing and debt collection services including revenue cycle management in the healthcare industry

The Company  has posted Net Sales / Revenue   of ₹4098.60  & Net Profit  of ₹339.70 Cr in FY2020 and expected to post Net Sales / Revenue   of ₹4217.60 Cr & Net Profit of ₹334.40 Cr in FY2021 and Net Sales / Revenue   of ₹4708.20  Cr & Net Profit of ₹392.60 Cr in FY2022 .

Valuations  :  The Company is now Trading at X 0.70   of its  valuations ( last 4Quaters earnings considered here). It is now Trading at X0.5 of its FY 2020, which is now almost  ~50%  Discount  to its value and  X 0.53  of its FY 2021 earning with a Discount   of ~47%   and X 0.45 of its FY 2022  earning with a Discount  of ~ 65% .

Why In News : RJ has increased stake & HDFC MF has entered in recent past days.

Strengths :  1. Company is having Debt of ₹845.50 Cr in Books (2020), which will be reduceded to ₹ 825.50 Cr in 2021 & ₹805.50 in Fy 2022.

2. Cash Flow from Operations ( CFO ) which is ₹410.40 cr in FY2020, will improve to ₹547.7 Cr in FY2021 and ₹664.00Cr in FY 2022.

The Fare Value of Equity Per Share is ₹82.42 for FY2021 and ₹ 96.70 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   |

Rossari Biotech Ltd : IPO & Valuations

Issue Open: July 13 – July 15, 2020

Price Band: Rs. 423 – 425

Issue Size: 11,676,471 eq shares

Rossari Biotech Ltd is one of the leading specialty chemicals manufacturing companies in India based on sales for Fiscal 2019 providing customized solutions to specific industrial and production requirements of its customers primarily in the FMCG, apparel, poultry and animal feed industries through its diversified product portfolio comprising home, personal care and performance chemicals; textile specialty chemicals; and animal health and nutrition products. RBL operates in India as well as in 17 foreign countries including Vietnam, Bangladesh and Mauritius. It is the largest manufacturer of textile specialty chemicals in India providing textile specialty chemicals in a sustainable, eco-friendly yet competitive manner. As a manufacturer of specialty chemicals, it focuses on functionality and application of its products which form a key ingredient to its customer’s manufacturing and industrial processes. It has focused on providing customised solutions to its customers in a cost and time efficient manner. RBL’s success is the result of sustained efforts over the decades in every aspect of its business, such as product innovation, process improvements for its customer’s production cycle, agile customised solutions, its sustainable ecofriendly portfolio of products and increased scale of operations. RBL’s business operations have been led by its Promoters and assisted by its experienced Key Managerial Personnel who have over 80 years of experience in the specialty chemicals industry cumulatively. RBL’s business is organized in three main product categories – (i) home, personal care and performance chemicals; (ii) textile specialty chemicals; and (iii) animal health and nutrition products. As on May 31, 2020, it had a range of 2,030 different products sold across the three product categories.

Financials : The Company  has posted Net Sales / Revenue   of ₹600.09 Cr & Net Profit of ₹65.25 Cr in FY2020 and Net Sales / Revenue   of ₹516.22 Cr & Net Profit of ₹45.68 Cr in FY2019  and Net Sales / Revenue   of ₹299.06 Cr & Net Profit of ₹ 25.40  Cr in FY2018 .

Capital work in progress is ₹21.75 Cr in FY2020 compare to ₹2.83 Cr in FY 2019. EPS is 17.86 (FY 2020) & 20.8 (FY2019)

Valuations : We have Valued the Company ( Per Share ) based on earnings reported in FY 2020, which is valued at X1.44 of its Earnings at its highest offer price ₹₹ 425. Its Fare Value per Share is ₹295 based on FY 2020 earnings(We follow Earning Power Value Method )

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 | RHP |

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   |