PAT GROWTH
In FY23, the profit stood at ₹203 cr and saw a decline of 7.3% YoY. Tax rate in FY23 was 25.6%. In 9M FY24, the net profit stood at ₹126 cr v/s ₹157 cr in 9M FY23, witnessing a decline of 19.7% YoY. This can be attributed to increase in depreciation expenses and finance cost owing to the acquisition of KEL.

MANAGEMENT

Sheela Foam Ltd Rahul Gautam is associated with the company since 1971 and has been the managing director since 1996. He has over 46 years of experience in the home comfort products and PU foam industry and is the Chairman Emeritus of the Indian Polyurethane Association. On 2nd NOV 2023, Rahul Gautam resigned from the post of Managing Director and has been appointed as the Whole-time Director and Chairman. Tushaar Gautam has been appointed as the Managing Director from immediate effect. As part of the post acquisition structure, it is anticipated that none of the founders of the target companies will hold any directorial position on Sheela Foam's board,

Future Outlook

It has taken certain pricing actions
post-acquisition, however on a dealer level, no tweaking has been initiated and it shall consider about the same, going forward. Tarang mattresses are currently ocused towards customers who use cotton mattress and it is priced at ~₹2,000/unit. The initial response from the customers ras been encouraging post launch. Company is progressing well towards making Furlenco profitable The company stated that synergy benefits of the acquisition has been reflected in Q3 FY24 and shall be visible more clearly from Q4 FY24 onwards. In Small Town India (rural segment) it sold 10,000 mattress units and had revenue of ₹1.7 cr for the quarter. Towards e- commerce segment it sold 56,000 units of mattress and achieved a revenue of ₹21 c for 1 the quarter. USA has imposed an anti-dumping duty of ~27%-30% on mattresses, which has made exports from India questionable. In response, the company has reassigned the export-dedicated manufacturing unit as the centralised manufacturing unit for SFL and KEL. This will have added cost advantages of supplying to the western region in India.

🫧End🫧

☀️☀️Solar Stocks in India

⚡Tata Power
⚡ Waree Renewables
⚡ Borosil renewables
⚡ IREDA
⚡ SW Solar
⚡ Websol
⚡ Adani Green
⚡ Gensol Eng
⚡ Surana Solar
⚡ KPI Green
⚡ Solex Energy
⚡ Insolation energy
⚡ SJVN

915 to 1395⚡️Long term level hit 😍

One more pick

Kirloskar oil Engines 1000-1250
Expected level 1500
Support 930

Top performing PSU stocks under Modi 2.0 Government

1⃣Hindustan Aeronautics
CMP: ₹4,963.45
5 Years Returns: 1,362.42%

2⃣Rail Vikas Nigam
CMP: ₹367.65
5 Years Returns: 1,336.13%

3⃣Garden Reach Shipbuilders & Engineers
CMP: ₹1,397.35
5 Years Returns: 1,071.78%

4⃣Cochin Shipyard
CMP: ₹1,771.50
5 Years Returns: 858.34%

5⃣Hindustan Copper
CMP: ₹377.25
5 Years Returns: 797.15%

6⃣Bharat Dynamics
CMP: ₹2,746.80
5 Years Returns: 790.08%

🌍🌏Companies involved in Manufacture Spacetech Equipment in India 🌏🌏

In a triumphant moment for Indian space exploration in 2023, ISRO's Chandrayaan-3 mission successfully delivered the Vikram lander and Pragyan rover to the Moon's south pole.

📮 This accomplishment not only brings immense pride to India but also marks a significant milestone in the nation's spacefaring ambitions.

1️⃣ Avantel
2️⃣ Data Patterns
3️⃣ Larsen & Toubro
4️⃣ MTAR Technologies
5️⃣ Mishra Dhatu Nigam
6️⃣ BHEL
7️⃣ HAL

📮 Moving forward, the Indian government's decision to allow 100% investment under the automatic route for manufacturing components, systems, and sub-systems for satellites, along with the facilitation of FDI in various aspects of the space sector, signifies a significant step towards fostering growth and innovation in the industry.

NMDC Ltd:
It is involved in exploring and producing iron ore and diamonds, manufacturing and selling sponge iron, and generating and selling wind power.

🔹M Cap: ₹81,984 Cr
🔹P/E: 14.2
🔹CMP: ₹280
🔹3 Years Sales Growth: 15%
🔹1 Year Return: 162%

⚡️NTPC Ltd

It is primarily involved in the generation and sale of bulk power to State Power Utilities.

🔹M Cap: ₹3,54,898 Cr
🔹P/E: 18.2
🔹CMP: ₹366
🔹3 Years Sales Growth: 17.2%
🔹1 Year Return: 111%

Good morning

🌠REC Ltd

Involved in financing projects in the complete power sector value chain from generation to distribution.

🔹M Cap: ₹1,43,313 Cr
🔹P/E: 10.1
🔹CMP: ₹544
🔹3 Years Sales Growth: 10.1%
🔹1 Year Return: 319%

Supreme Industries Limited breakout on monthly chart with flag pattern

Supreme Industries5200-5600
Expected level 7100
Support 4644

📊 Top PSU Shares in India 2024 📊

🔸 NMDC
🔸 Mazagaon Dock Shipbuilders
🔸 Engineers India
🔸 SBI
🔸 Bharat Electronics
🔸 ONGC
🔸 Coal India
🔸 IREDA
🔸 RITES
🔸 RVNL
🔸 Power Finance Corporation

#Learning

What is ASM?

ASM LT Stage 1 refers to a regulatory measure used by stock exchanges to monitor and manage trading activities. Here's a breakdown of the term:

ASM: Additional Surveillance Measure

LT: Long Term

Stage 1: The first level or stage of monitoring

ASM LT Stage 1 specifically refers to the initial stage of long-term additional surveillance measures imposed by the stock exchange.

These measures are put in place to ensure market integrity and to safeguard the interests of investors.

Stocks that are placed under ASM are subject to enhanced scrutiny due to factors like unusual price movements, volatility, or other concerns that may pose risks to investors.

Typical measures under ASM LT Stage 1

When a stock is placed under ASM LT Stage 1, the following measures may be implemented:

Increased Margins: Higher margins may be required for trading the stock.

Trade-to-Trade Settlement: All trades must be settled on a trade-to-trade basis, meaning no intraday trading is allowed.

Price Band Changes: There may be tighter price bands to limit the daily price movement of the stock.

Time frame Securities which have completed 90 trading days in the long-term ASM shall be liable to exit the list. Also, the stage review shall be done weekly