Please remember, these are not recommendations/ suggestions to buy or sell. Strictly for educational purpose the Indian Economy & Market Research Team has collected these details from the public domain for our subscribers as these couldn’t be a part of our regular monthly magazine.
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JTL Infra is into steel tube manufacturing with two units – one in Punjab and another in Raigarh. Its Raigarh plant, having capacity of one lakh MT, has started its commercial production from March 22. In Q4 it has clocked 47, 40 and 47 per cent increase in its sales, operating profit and net profit respectively. On the yearly basis sales, operating profit and net profit increased by 124, 121 and 149 percent respectively. Considering such performance and new addition in its production capacity the stock can be a good bet between Rs 225-210 for long term.
Gokaldas Exports has declared the highest ever financial numbers in its history. In Q4 it has clocked 58, 117 and 280 per cent increase in its sales, operating profit and net profit respectively. On the yearly basis sales, operating profit and net profit increased by 48, 102 and 342 percent respectively. The company does job work for big brands and never short of orders. FIIS hold 11.03 and DIIs 27.20 percent stake in the company which make it a formidable stock in textile sector. A good stock to catch whenever there is a sudden fall in the stock price.
IIFL Finance was discussed here two weeks back. The financial numbers have come out on the expected lines. On yearly basis its gold loan portfolio recorded 23 per cent increase, home loan 23 per cent and micro finance loan increased 30 per cent. With 56 per cent increase in its profit in FY 22 the company has clocked the highest ever profit. Trading at only 11PE, it could be a good pick after 5-10 per cent correction.
Macrotech Developers has come out with good Q4 numbers as sales increased 36 per cent and net profit 72 per cent. On the yearly basis sales increased by 69 percent and net profit went up from Rs 40 crore to Rs 1202 crore. The company did QIP at Rs 1170 sometime back and now trading at Rs 1000 whereas in December last it was trading at Rs 1539. The booming real estate sector is another plus.
Apcotex Industries belongs to the promoters of Asian Paints and a professionally run company. It is one of the leading producers of Performance Emulsion Polymers in the country and product range includes VP latex, Acrylic latexes, and Synthetic Rubber. In Q4 it has clocked 48, 51 and 37 per cent increase in its sales, operating profit and net profit respectively. On the yearly basis sales, operating profit and net profit increased by 77, 104 and 124 percent respectively. Its 10 years CAGR sales growth is 14 per cent and profit growth 25 per cent. In bad market also it held high last week. Promoters have given very good future guidance and investors can keep an eye on the counter.
Cytient Ltd. is a stock to keep an eye as the midcap IT companies have corrected heavily. Even NASDAQ Index is at its 52 week low where most of the tech companies are listed. In Q4 it has clocked 8, 37 and 50 per cent increase in its sales, operating profit and net profit respectively. On the yearly basis sales, operating profit and net profit increased by 10, 42 and 44 percent respectively. This is the best ever performance in its history. In October 2021 it was trading at Rs1292 and after 32 per cent correction now available at Rs 885. Trading at 19PE the downside from here is very limited. It seems a good pick at the present level
Hubtown, formerly known as Ackruti City, is a leading real estate company covering the entire spectrum of real estate development including Residential, Commercial, IT, and Industrial Infrastructure.
In a recent development promoters are taking 72 lakh convertible warrants and their stake will increase by whooping 10 per cent. Its massive land bank in premium locations in Mumbai and the booming real estate sector make the counter eligible to be included in watch list.
Indsil Hydro Power and Manganese is engaged in manufacturing low carbon silico manganese and ferro chrome, used in stainless steel Industry. It also has two captive power plants and runs a ferro chrome smelter in the Sultanate of Oman along with solar power plant. On 9 months basis its sales was up by 349 whereas operating profit increased 169 per cent, from Rs 9 crore to Rs 23 crore. It has recorded Rs 70 crore profit against a corresponding loss of Rs 35 crore. In September 2021, well-known investor Anil Goel bought 1.08 per cent stake in the company and again in December 21 increased by another 0.83 per cent and in March 22 again by another 0.43 per cent making it a total of 2.34 per cent. Another investor Debashish Niyogi bought in March quarter 1.12 per cent stake. At present it is trading at 4.3PE at just Rs 89 whereas its all-time high was Rs 227 recorded in 2018. The counter has all the ingredients to become a multibagger if it maintains the same performance.
THE SCOOP OF THIS WEEK
SBI CARDS, with 13.7 million cardholders, has posted fantastic numbers in Q4 as it has clocked 23, 153 and 231 per cent increase in its income, operating profit and net profit respectively. On the yearly basis all three increased by 15, 65 and 64 per cent respectively. Its gross NPA has come down from 4.99 to 2.22 percent whereas net NPA from 1.55 to just 0.77 per cent. The improved asset quality and less provisioning have positively impacted its bottom line. In September the stock was trading at Rs.1145 and now available at Rs 830. After its highest ever performance the stock is ready to make a magical up move.