Mukesh H. on X: "Sky Gold Ltd (Mcap ~1.5k cr) (twitter.com)
Be careful.
The promoters are associated with Varanium Cloud. Very very shady promoters. Also take a look at debtor days, it makes me really uncomfortable.
Dig a little deeper about the promoters.
Anyway no matter what someone says whoever is highly convicted about their stock would find 100 reasons to dismiss the red flags. But still I’ve done my part.
Update for entry on 01st Jun 2024
50EMA (20396) > 200EMA (18309); hence, we can continue without any change.
Here is the list i am getting this week
Based on Ranking
KPIGREEN
RTNPOWER
KIRLOSENG
PURVA
TECHNOE
IFCI
NETWEB
CHOICEIN
ARVIND
VOLTAMP
KESORAMIND
STAR
ANANTRAJ
JKIL
TARC
MSTCLTD
KIRLOSBROS
JYOTICNC
AZAD
IIFLSEC
THOMASCOOK
WOCKPHARMA
ELECTCAST
JPPOWER
ASTRAMICRO
Based on A → Z for easy tracking:
ANANTRAJ
ARVIND
ASTRAMICRO
AZAD
CHOICEIN
ELECTCAST
IFCI
IIFLSEC
JKIL
JPPOWER
JYOTICNC
KESORAMIND
KIRLOSBROS
KIRLOSENG
KPIGREEN
MSTCLTD
NETWEB
PURVA
RTNPOWER
STAR
TARC
TECHNOE
THOMASCOOK
VOLTAMP
WOCKPHARMA
MOIL, TIMETECHNO, SCI is still within Top 30 and shall be continued if invested
Why do you say so? Can you explain more?
@Mudit.Kushalvardhan nothing in mutual funds, though I have started doing some fixed deposit due to family pressure, target being about 5-10% of current AUM.
Carysil -
Q4 and FY 24 concall and results highlights -
Q4 outcomes -
Sales - 191 vs 146 cr
EBITDA - 35 vs 26 cr ( margins @ 18 pc - flat YoY )
PAT - 16 vs 12 cr
FY 24 outcomes -
Sales - 684 vs 594 cr
EBITDA - 129 vs 110 cr ( margins @ 19 vs 18 pc )
PAT - 58 vs 53 cr ( due higher depreciation, interest costs and higher tax rates )
ROE @ 17.4 pc
Only company in Asia to manufacture Quartz Sinks. Current capacity @ 10 Lakh sinks / yr. Company makes 150 different sizes / designs of the same. 50 pc of company’s topline comes from Quartz Sinks segment. 28 pc of topline is contributed by the solid surfaces segment
Company’s steel sinks capacity @ 1.8 lakh sinks / yr. Company only caters to the premium segment. SS sinks contribute to 11 pc of topline
10 pc of topline contribution comes from selling Kitchen appliances ( Company also makes some of them, and trades in others )
India business growth for FY 24 was tepid @ 6 pc. This is an industry wide phenomenon ( ie building materials Industry ). Aim to grow by 15-20 pc in FY25. Company’s focus remains the luxury and premium products. To keep pursuing the B2B segment - ie directly selling to builders
Company is planning to raise upto 150 cr via QIP
UK contributes to 30 pc of company’s topline. Getting good orders from Howdens UK ( a big - organised retailer )
Exports : Domestic sales breakup @ 80 : 20. All of India sales are recorded under company’s brand - Carysil. Only 20 pc of export sales are under company’s brand name. Aim to take this up to 30 pc in the medium term
Higher freight costs due Red Sea crisis impacted the EBITDA margins by 100-150 bps in Q4
Company is guiding for 20 pc organic growth + 150 cr topline kind of Inorganic acquisition to meet their 1000 cr topline guidance for FY 25
Avg realisation / Quartz sink is around Rs 5500. For steel sink, its around Rs 4200
Disc: hold a tracking position, biased, not SEBI registered
Please stay on alert whoever is heavily invested in this company.
fundamentally or valuation wise?
Bottom-line will start improving after 1-2 quarter, when utilisation ramp up
Getting effected due to higher depreciation and interest cost
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