14 Small and Mid cap companies with PE less than 20 and consistent sales growth

1. Ganesh Housing Corporation Ltd:

🔸P/E: 15.3
🔸ROCE: 45.0 %
🔸ROE: 41.6 %
🔸OPM: 72.2 %
🔸Sales Growth 3 Years: 74%
🔸Profit Growth 3 Years: 85%



2. Dynacons Systems & Solutions Ltd:

🔸P/E: 17.8
🔸ROCE: 44.2 %
🔸ROE: 41.2 %
🔸OPM: 8.11 %
🔸Sales Growth 3 Years: 33%
🔸Profit Growth 3 Years: 80%

3. EMS Ltd:

🔸P/E: 18.9
🔸ROCE: 29.3 %
🔸ROE: 22.9 %
🔸OPM: 27.7 %
🔸Sales Growth 3 Years: 34%
🔸Profit Growth 3 Years: 27%


4. J Kumar Infraprojects Ltd:

🔸P/E: 13.1
🔸ROCE: 18.4 %
🔸ROE: 13.2 %
🔸OPM: 14.5 %
🔸Sales Growth 3 Years: 24%
🔸Profit Growth 3 Years: 73%


5. Pokarna Ltd:

🔸P/E: 16.2
🔸ROCE: 18.3 %
🔸ROE: 15.8 %
🔸OPM: 32.0 %
🔸Sales Growth 3 Years: 33%
🔸Profit Growth 3 Years: 45%


6. Lumax Auto Technologies Ltd:

🔸P/E: 19.8
🔸ROCE: 17.7 %
🔸ROE: 17.9 %
🔸OPM: 12.3 %
🔸Sales Growth 3 Years: 37%
🔸Profit Growth 3 Years: 41%


7. Lumax Industries Ltd:

🔸P/E: 17.6
🔸ROCE: 17.2 %
🔸ROE: 17.6 %
🔸OPM: 7.94 %
🔸Sales Growth 3 Years: 23%
🔸Profit Growth 3 Years: 88%

8. Ashapura Minechem Ltd:

🔸P/E: 14.8
🔸ROCE: 17.2 %
🔸ROE: 24.3 %
🔸OPM: 12.7 %
🔸Sales Growth 3 Years: 32%
🔸Profit Growth 3 Years: 42%

9. Mangalore Chemicals & Fertilizers Ltd:

🔸P/E: 15.6
🔸ROCE: 16.9 %
🔸ROE: 18.2 %
🔸OPM: 9.59 %
🔸Sales Growth 3 Years: 21%
🔸Profit Growth 3 Years: 32%


10. Sigachi Industries Ltd:

🔸P/E: 17.4
🔸ROCE: 16.7 %
🔸ROE: 16.4 %
🔸OPM: 18.9 %
🔸Sales Growth 3 Years: 27%
🔸Profit Growth 3 Years: 24%


11. Capacite Infraprojects Ltd:

🔸P/E: 14.4
🔸ROCE: 16.1 %
🔸ROE: 9.44 %
🔸OPM: 17.7 %
🔸Sales Growth 3 Years: 30%
🔸Profit Growth 3 Years: 330%


12. Five-Star Business Finance Ltd:

🔸P/E: 19.2
🔸ROCE: 15.8 %
🔸ROE: 17.5 %
🔸OPM: 74.4 %
🔸Sales Growth 3 Years: 28%
🔸Profit Growth 3 Years: 33%


13. MAS Financial Services Ltd:

🔸P/E: 15.0
🔸ROCE: 11.7 %
🔸ROE: 15.2 %
🔸OPM: 75.4 %
🔸Sales Growth 3 Years: 27%
🔸Profit Growth 3 Years: 20%


14. Deep Industries Ltd:

🔸P/E: 17.6
🔸ROCE: 10.3 %
🔸ROE: 8.73 %
🔸OPM: 40.2 %
🔸Sales Growth 3 Years: 30%
🔸Profit Growth 3 Years: 26%

Good morning

Page Industries Limited Company Details Report

Page Industries Limited is a leading player in the premium inner-wear and athleisure market. The company is an exclusive licensee for JOCKEY International Inc (USA) for manufacturing, distribution & marketing in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan & UAE. The products include innerwear, athleisure, socks for men & women, thermal, towel, caps & face mask. Additionally, the company has an exclusive license for Speedo International Limited for manufacturing, distribution & marketing in India (based in Nottingham, UK) which is a manufacturer & distributor of swimwear & swimming accessories including water shorts, apparel & footwear. The company has license with Jockey International till 2040. Jockey brand accounts for majority of the revenue. The products are sold through Exclusive Brand Outlets (EBO), Large Format Stores (LFS) and Multi Brand Outlets (MBO), as well as online (own website as well as other partners like Myntra, Amazon, Zivame, etc.). Through MBO, it has 3,956 distributors across 2,713 cities and towns, covering a retail network of 1,10,826 outlets. In the EBO segment, it has 1,453 stores, which includes 36 exclusive women’s stores and 48 exclusive juniors’ stores. The Key Department Store format is driven through partnerships with 15 leading retail chains, resulting in a footprint of 1,216 stores and 1,803 points of sale nationwide. The company has 13 operational EBOs outside India, ten in UAE and one each in Sri Lanka, Qatar and Oman, with another work-in progress store in Nepal. As on 31st Mar 2025, Speedo brand was available in 1,096+ stores and 36 EBS across 150+ cities in India. The company has a production capacity of 28 cr pieces (including outsourcing) and has 15 manufacturing units (14 in Karnataka and 1 in Tamil Nadu).

Revenue Mix

#SALES #GROWTH

In FY25, the net sales was ₹4,935 cr and grew by 8% YoY. It sold 22 cr pieces reflecting a volume growth of ~6% YoY. Innerwear experienced higher growth v/s athleisure, while accessories such as socks, handkerchiefs, towels and caps witnessed modest volume growth. E-commerce segment-including Jockey.in, the mobile app, and leading online aggregators-demonstrated robust growth, outpacing traditional distribution channels. It saw significant momentum in the quick-commerce space, backed by an expanded presence in dark stores and newer entries in this space. E-commerce contributed 10%+ to revenue. Tier 3 & 4 markets outperformed metro cities & tier 1 cities and accounted for ~50% of sales. In FY24, the net sales declined by 2.8% YoY and stood at ₹4,582 cr. The sales volume stood at 20.8 cr units in FY24 and saw de-growth of 5.9% YoY. Men’s innerwear and women’s innerwear exhibited sustained demand momentum. E-commerce segment constituted 7% of revenue mix.

#EBITDA #GROWTH

In FY25, the EBITDA was ₹1,063 cr an increase of 24% YoY. Better product mix and favourable raw material prices led to this increase. In the previous year, elevated cotton prices led to high-cost inventory, whereas this year saw a more favourable cost & inventory scenario. Company made higher spends towards advertisement and promotion and in the coming years as well, the spends are going to be higher (4%-5% of revenue). Premiumization is advancing as consumers increasingly prefer higher-priced offerings within product categories. This trend, backed by rising disposable income and improved product features, is leading to enhanced per-unit realisation. In FY24, EBITDA experienced a slight increase of 1.1% YoY, reaching ₹872 cr. While key expenses and other line item expenses stabilized, the lower sales volume did not translate into corresponding benefits.

#PAT #GROWTH

In FY25, the net profit was ₹729 cr and increased by 28% YoY. This was on account of higher operating profits and rise in other income. In FY24, the PAT de-grew by 0.4% YoY and was reported at ₹569 cr. This decline can be attributed to lower operating profits.

#EBITDA #MARGIN

In FY25, the EBITDA margin was 21.5% and expanded by ~271 bps YoY. Increase in premium products, led to this expansion coupled with favourable cotton prices. E-commerce and D2C channels contribute to higher realization. There have been no price revisions over the past three years, and the company does not anticipate a need for any in the near future. EBITDA margin during FY24 stood at 19%. Expansion in the same can be attributed to stabilization in raw material prices and other expenses. The effects of investments in digital transformation and marketing initiatives were offset by favourable input costs and optimized operational expenses for the year. The advertising spend for the year was ~4% of revenue and it expects to spend in the similar range, going forward as well.

#ROCE

In FY25, ROCE increased due to a higher capital base from increased retained earnings, while the rise in PBIT did not match this trend.

#COMPANY #POTENTIAL

• Indian textile and apparel market size is estimated to be $175 bn in FY24. Domestic market contributes ~79% to the market size while exports have a share of ~ 21%. Within domestic market, apparel accounts for ~74% share followed by technical textiles with a share of ~19%. The market is projected to grow at 9% CAGR from 2024 to reach US$250 bn by 2031. • India has a share of 4.6% of the global trade in textiles and apparel. USA, EU-27 and UK continue to be the major textile and apparel export destinations for India and account for approximately 50% of India’s textiles and apparel exports. • The innerwear market in India, which has witnessed substantial growth over the past decade, has exhibited notable resilience strong desire for comfortable yet stylish innerwear. during times of adversity. Emerging from a valuation of ₹61,091 cr in 2023, the market is on a trajectory to touch ₹75,466 cr by 2025, at a CAGR of 11.2%. • Women's inner and comfort wear dominate market growth, representing 60% of the total market. This segment is reshaping the industry, with mid and premium categories expected to grow the fastest. Projected to sustain a CAGR of 13%, the segment is estimated to reach ₹55,535 cr by 2025. The surge in demand is driven by shifting preferences, higher disposable incomes, and a • Concurrently, the men's inner and comfort wear segment is gaining traction, holding a substantial 30% market share. Projected to achieve a CAGR of 11.5%, this market is expected to reach ₹26,952 cr by 2025. The segment's rapid expansion is fuelled by evolving fashion consciousness and a growing emphasis on comfort. • The kids’ inner & comfort wear segment accounted for 10% of the market in 2023, it is set to grow with a projected CAGR 8.5%, reaching ₹8,819 cr by 2025. segment’s potential is fuelled by changing parental attitudes, placing equal emphasis comfort and style for their children. Brands are beginning to establish their presence in this segment, signalling a shift toward quality conscious consumerism.

The demand for athletic apparel hinges on its comfort, flexibility, and durability, given its use in exercise and sports. In 2021, this segment was valued at $579.47 million and is anticipated to soar to $2,238.13 million by 2029, reflecting an impressive CAGR of 16.2%. • The distribution channels for innerwear and comfort wear reflect modern consumer behavior, encompassing brick-and-mortar stores, online retailers, and direct-to-consumer (D2C) sales. Traditional retail dominated with 80% of the market in 2021, but the online segment, accounting for 8%, is rapidly growing, indicating a significant digital shift. Large Format Stores and Exclusive Brand Outlets continue to adapt to this evolving landscape. • India’s e-commerce sector is poised for exponential growth, with a projected CAGR of 27%, reaching $163 billion by 2026. From a GMV of $49 billion in FY22 to $60 billion in FY23, it is expected to hit $99 billion by 2024 and expand further to $50 billion by 2030. This rapid growth is driven by substantial investments and increasing penetration in smaller cities. • The expansion of e-commerce into tier-2 and tier-3 cities is a significant growth driver. According to a Deloitte India Report, the online retail market size is expected to reach $325 billion by 2030, up from $70 billion in 2022. This expansion is set against the backdrop of India’s progression towards becoming the third-largest consumer market globally.

#COMPANY #OUTLOOK

• The Company has commenced commercial operations on 19th May at its newly established facility in Ramdaspur Village, Cuttack District, Odisha. Spanning a built-up area of 6,50,000 sq. ft., the facility houses a raw material warehouse, a men’s innerwear manufacturing unit, and dedicated sections for the production of socks and elastics. • The management is targeting high single-digit volume growth in FY26, consistent with the momentum observed in Q4 FY25. In the athleisure segment, growth is expected to accelerate as inventory levels stabilize and new initiatives-focused on product enhancements, improved fit, and styling tailored for younger consumers-are introduced during the year.

Page Industries Limited 43000-46300
Expected level 53000
Support 38500

1510 to 1900⚡️💥Long term level hit jackpot😍

EBITDA Margin

Good morning

📌 TALBROS AUTOMOTIVE COMPONENTS LTD

Talbros Automotive Components Ltd. (TACL) and its Joint Ventures (JVs) have secured multi-year orders totaling approximately ₹580 crore. These orders are expected to be executed over the next five years and cover various product lines.

- 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:
▪️ Orders include ~₹160 crore for the EV segment. ⚡️
▪️ Orders include ~₹150 crore for Exports.

- 𝗢𝗿𝗱𝗲𝗿 𝗕𝗿𝗲𝗮𝗸𝗱𝗼𝘄𝗻:
▪️ ~₹260 crore from the sealing business (gaskets, heat shields, forgings).
▪️ ~₹180 crore for gaskets and heat shields.
▪️ ~₹80 crore for forgings.
▪️ ~₹290 crore through JV (Marelli Talbros Chassis Systems) for chassis components. ~50% of these orders are for the EV segment. 🚗
▪️ ~₹30 crore through JV (Talbros Marugo Rubber) for hoses and A/V products in the domestic market. Commercialization to start from H2 FY26.

- 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗜𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀:
▪️ Increased exports to Europe, expanding market share in a competitive region. 🌍
▪️ These orders are expected to enhance revenue visibility and improve profitability. 📈

- 𝗔𝗯𝗼𝘂𝘁 𝗧𝗮𝗹𝗯𝗿𝗼𝘀 𝗔𝘂𝘁𝗼𝗺𝗼𝘁𝗶𝘃𝗲 𝗖𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁𝘀 𝗟𝗶𝗺𝗶𝘁𝗲𝗱:
▪️ Established in 1956.
▪️ Manufactures automotive & industrial gaskets, chassis, rubber products, and forgings.
▪️ Has 10 manufacturing facilities and an R&D center.
▪️ Serves marquee customers like Bajaj Auto, Tata Cummins, Volvo Eicher India, and others.

Good morning

Juniper Hotel Company Details Report

Juniper Hotels stands at the forefront of the hospitality industry as a leading luxury hotel development and ownership company. The company’s portfolio comprises seven hotels with 1836 keys (including 245 serviced apartments) across strategic locations in India. All the properties in the portfolio are branded and managed by the global hotel operator, Hyatt.

Juniper Hotels is a strategic partnership between the Saraf group, a hotel developer with a strong and well-established track record of over 40 years, and Hyatt, a premier international hospitality company listed on the NYSE. The Saraf group, led by Arun Kumar Saraf, has had a pioneering role in hotel development in India – it was part of the consortium that developed the largest private sector hotel in Delhi and brought Hyatt to India in 1982. The group has developed over eleven hotels across nine cities in India and Nepal. Their first hotel, Yak and Yeti, was established in Kathmandu, Nepal in 1977 by Arun’s father, late Mr. Radhe Shyam Saraf.

The Saraf group joined hands with Hyatt in 1998 in the form of Juniper Hotels to launch its first and flagship property, Grand Hyatt Mumbai Hotel and Residences (Opened in 2004). This partnership between a developer and an international chain operator is a unique combination of in-depth market understanding, development experience, long-standing brand heritage and operational expertise. It signifies not only a commitment to excellence but also a dedication to owning and managing remarkable assets.

Strong visibility to double the portfolio:

Under the Juniper 2.0 strategy, the management is targeting to double the portfolio room count to c. 4,000 keys over the next few years. The ROFO transaction is already underway, which will add c. 737 keys across two assets and is expected to be closed in 8-10 months. The recently acquired 220-keys asset near Bengaluru Airport will be commissioned by end-FY26 and the company will soon commence the work on Phase 2 of the project, a new hotel block comprising 250 keys. The Kaziranga hotel with 115 keys will become operational by FY28 under the “ALILA” brand by Hyatt. The company owns 74k sqft of land adjacent to the Secretariat in Guwahati and the management has unveiled plans to develop a 250-room luxury property at the site. Additionally, the company is also pursuing two new greenfield opportunities, which could add c. 500 keys to the portfolio. Given the low leverage of 1.4x net debt to EBITDA, the management is confident of funding the capex without straining the balance sheet.

Strong acquisition pipeline:

The recent acquisition of a big box hotel in Bengaluru is a significant milestone given that the international traffic at Bengaluru airport is expected to double in 3-5 years and there is no meaningful supply coming up in this micro-market. Hence, the operating hotels even in the upper upscale segment are currently commanding INR 10k+ ARR. The company is evaluating assets with similar dynamics in NCR, Hyderabad and Navi Mumbai and is targeting to close a few brownfield transactions within 3-4 months.

Value unlocking opportunity in Mumbai land:

Company owns two land parcels adjacent to GHM and it intends to develop a commercial tower on the 45k sft land. The development plans for the larger land parcel spanning 97k sft are not yet finalised. Given the insignificant acquisition cost and prime location (proximity to BKC and airport), these land parcels presents a significant value unlocking opportunity.