This PPE and safety equipment manufacturer is nearing ATH!
The company is one of the largest manufacturers and distributors of PPE products in India, with 90%+ orders coming from repeat customers, and provides the widest range of head-to-toe PPE products from helmets, eyewear, ear protection, face masks, safety garments, and gloves, to shoes, etc.
• Company has posted highest ever turnover and PAT in latest quarter
• Company is re-investing profits in fixed assets for future growth
Key Financials:
• Total Revenue for latest quarter increased ~9% YoY
• Net Profit for latest quarter increased by >46% YoY
• TTM Net Profit margin increased from ~8% to ~10%
Red Flag Check:
• Promoter holding is pretty high at almost ~75%
• Debt:Equity is not a concern with decent interest coverage
• Stock is not in any of the exchange surveillance lists
Key Technicals:
• Price is in a steady uptrend and looks to breach its listing week high
• Strong relative strength compared to benchmark index
• Price broke out of a small consolidation zone with heavy volumes
Disclaimer:
This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
• Company has posted highest ever turnover and PAT in latest quarter
• Company is re-investing profits in fixed assets for future growth
Key Financials:
• Total Revenue for latest quarter increased ~9% YoY
• Net Profit for latest quarter increased by >46% YoY
• TTM Net Profit margin increased from ~8% to ~10%
Red Flag Check:
• Promoter holding is pretty high at almost ~75%
• Debt:Equity is not a concern with decent interest coverage
• Stock is not in any of the exchange surveillance lists
Key Technicals:
• Price is in a steady uptrend and looks to breach its listing week high
• Strong relative strength compared to benchmark index
• Price broke out of a small consolidation zone with heavy volumes
Disclaimer:
This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
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