Emami Realty

125 💚

KRN Heat Exchanger IPO

Proxy to Air conditioning Industry

Objects of the issue :

Capex expansion

Proceeds of the funds will be utilized for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan. Co plans for manufacturing bar and plate heat exchanger, oil cooling with blower, motor and roll band evaporator.

Company details:

✴️Company is a OEM supplier for the Heat Ventilation Air Conditioning & Refrigeration (HVAC&R) sector & specializes in manufacturing fin and tube-type heat exchangers made primarily from copper and aluminum.

✴️Industrial uses - air conditioning, cooling equipment, data cooling centers, railways/metros,etc

✴️As of Mar 2024, company had a supplier base of over 510 suppliers, diversified across geographies ✅

✴️No other listed company engaged in this similar line of business.

Top clients :

✴️Daikin Air-conditioning
✴️ Schneider Electric
✴️ Blue Star
✴️ Frigel Intelligent Cooling Systems
✴️Kirloskar Chillers

Financial highlights :

✴️Revenue grows @ 25% CAGR over the last 3 years.

✴️PAT grows @ 54% CAGR over the last 3 years.

✴️ROE - 40.86% , ROCE - 31.21%

✴️ Export revenues growing at a CAGR of 44.71% over
the last 3 years.

At upper price band , PE comes around 26

Risk factors :

✴️ Revenue concentration risk
Top 10 customers contribute 72%
Top 5 customers contribute 55%
Single customer(Daikin) - 33%

✴️ No long-term agreement with their clients. Hence, if any customers move to other vendors, then co at financial risk

✴️Company heavily dependent on overseas suppliers for its raw materials. Any change in govt policies or geopolitical issues will have adverse impacts

Conclusion : -

Company into good futuristic sector and as of now, they are the only listed player in this field. The need for Air-conditioning will rise in the coming years to come.

IPO proceeds is utilized for investing in setting up a plant for forward integration aimed at addressing the growing needs of railways for their electric engines, compressors manufacturers and refrigerator manufacturing companies.

Small company with very good potential growth in the coming years.

Must apply ipo for listing gains and also for growth as good capex planned

Deepak Fertlizer

1070

Watch out for close above 1075-1080 zone for Fresh ATH OF 1124 to be crossed 🔜

Expecting —->> 1200~1400~1650~1800~2000~2400~3000+

Slow & steadily as capex comes in play 2024 To 2026

Optiemus infra

Fresh ATH

790

Optiemus Infra

Fresh ATH

790

ADSL

Available at Days Low @ 262.50

Support @ 245

Strong support @ 220

Its opportunity if one has been patience to hold for next 4-8-12 Qtrs

Try to add near support for better Risk Reward

Optiemus infra

Now 16% blast 💥

844

Fresh ATH

Surya Roshni

On Radar Again

Crossing 714 after good consolidation

Getting Ready for Fresh ATH SOON 🔜

AND also 1000/1111+

Our Just an Observation seems to be proving Right

Nifty at ATH OF 26087

Current market requires good Patience Level

Neither small/midcaps are falling much nor they are moving much just consolidating ahead of Q2 Numbers

Nifty

Fresh ATH

26250

Next —-> 26590—27244

E2E

FRESH ATH

3485 💚

Kellton Tech

On Radar

Taking support @128-130 zone

Seems Reversal in progress

On Radar

C.E Info system

CMP - 2140

Days Low @ 2095

Support @2030/2000

Shld Test ~ 2250~2400~2750+

Expecting Good Q2 numbers

S/L - As per risk of 2% Below support on cbsl

Deepak Fertlizer

Showing good strength

Yesterday & today also Highs 1090/1088 once crossed shld do well in coming few Qtrs

TATA POWER

FRESH ATH

494 💥💚

96 To 494 Done ✔️ Till Now

Started moving slowly

2155

C.E Info system

Map My India

Watch out for close above 2190 for sustained Move

After Bull mkts there is Bear market
Cycle has to go ON

Bull markets would always be followed by bear market. It is like day and night. Markets, businesses, economies, gold, real estate and name anything else, all go through cycles. Our own life is subject to cycles.

My belief is, over next few decades, after multiple bull and bear cycles, if you continue to stay invested, your wealth creation would be huge.

In bad times, everyone say good times would follow. But in good times, no one dares to say bad times would follow. It is inevitable.

Likewise in all bear markets, you would hear voices that bull markets would follow. But in bull markets, you would hear no voice that bear markets would follow. Again it is inevitable.

Few Stock to Keep on Radar to add on Dips

Best buy zone are nothing but best buying zone according to me from where risk Reward are favourable

🔸IREDA
CMP - 232
Best Buy @ 214/190
Test Levels —> 300/333/390/400/555/666+

🔸Exicom
CMP - 317
Best Buy @ 250-260
Expecting - 500/666/750/1000

🔸Gensol Engg
CMP -833
Best Buy @700-600
Test Levels —> 1100/1250/1500/2000+

🔸WebSol
CMP -1112
Best Buy @900/800
Test Levels —> 1551/1750/2000/2500+

🔸Waaree Renewable
CMP - 1925
Best Buy - 1500 -1450
Test Levels - 3000/3611/4000/5000+


Many more stock to keep on Radar to add on dips in correction

Wld keep adding

Just Keep in Mind Don’t BAAP ( Buy At Any Price )


Disc - All views are only for educational & Study purpose only.Consult your financial advisor before investing or Taking any position based on above article

Just an Observation

Next 12-18 months same amount of money won’t be made

Vs

The money made in ( last 3 - 4 years ) 2020- 21 & 2022-23
& 2023 -24

Few individual stocks wld always outperform markets
Biggest Question what % of weightage of such stocks we have in portfolio?