Posted pretty good set of number…

Concall Notes – Feb 2024

Capex:

Machinery procurement for lead vertical expansion ongoing
Capacity to increase from 1,32,000 to 2,04,000 metric tonnes per annum
Expansion project to be commissioned by September 2024
INR300-500 crores investment planned in proposed projects
Funding structure for capex explained with two phases of capital infusion
Expected asset turnover of 8 times for new plant
New Products:

Plans to set up state-of-the-art recycling and manufacturing plant in Tamil Nadu
Progress on lithium-ion recycling unit at feasibility stage
Expected revenue generation from new plant in H2 of FY 2024-25
Targeting INR150-200 crore turnover from new unit
Margins expected to improve with new plant commissioning
EBITDA margin expected to increase to 7% with new plant
Plans for lithium-ion recycling progressing at R&D stage
Roadmap for future growth includes expanding into other verticals like plastics and aluminum
Plans for lithium-ion recycling unit at advanced R&D stage
Guidance:

Promising growth potential in coming years
Expected additional revenue of INR750 crores per annum
Expected revenue growth in FY 2024-25 to be conservative at INR1,800 crores
Expected revenue growth in FY 2024-25 to be around INR1,700-1,800 crores
Timeline for full utilization of new plant expected within first two quarters of FY 2025-26
Financials:

POCL reported 16% revenue growth in Q3 FY 2023-24
Sales increased by 22% compared to last year
EBITDA levels in lead vertical improved to 6.04%
Optimum current ratio of 1.47 and debt equity ratio of 0.83
Shareholders assented to raising capital of INR133.50 crores
Market Analysis:

Global lead acid battery recycling market growing steadily
Asia Pacific region dominates market share
Focus on exports with 55% of sales from exports
Expecting consolidation in lead recycling industry
Export sales mix to remain around 55% in the foreseeable future
Regulatory Updates:

Plans for EPR and battery waste management rules being evaluated
Updates on green lead manufacturing and EPR registration process provided

On Track To Achieve Gross Merchandise Value Target For FY24: Apollo Hospitals | CNBC TV18

Update on Sanghvi Movers: 370-624-706-850-1099

• A series of bearish HnS patterns negated,
• A multi year downward wedge played out,
• Shakeouts at multiple junctures along with positive RSI divergences
• A multi year upward slant breakout.

Has all led to it making an ATH. Monthly chart below

Returns from Dec 2007 Top to 1099, 3.2x in 17 years…
Returns from Aug 2015 Top to 1099, 2.8x in 9 years…

If business performance continues and narratives around wind energy and infra continue, assuming 30-40% drawdowns ( if and when they come), longer term bullish bias still maintained.

Continuing the discussion from 52 week highs and all time highs strategy:

See a flag pattern forming in Zen technologies on the weekly charts. Could the experts here validate the same. Am a newbie in this platform!