Hi,
You might have posted under the Collaborator’s Corner category, so it will require approval. Please post under the Not So Hidden Gems, it will go through.
Hi,
You might have posted under the Collaborator’s Corner category, so it will require approval. Please post under the Not So Hidden Gems, it will go through.
@hardik_shah1
It is more likely. It may be announced in forthcoming budget
I have studied VSSL (Competitor of Sunflag in specialty steel segment) and I have shared my work on the forum.
Sunflag iron lacks disclosures and I think this is the main reason for the stock to trade cheap (if you consider the market value of investments held by Sunflag). I wish to share my research on the Company so that the management can answer few questions about their business in future, conduct concalls and share presentations. Following is my research on Sunflag
About Sunflag Group:
Sunflag Iron And Steel Co Limited
Who is Daido?
Settlement through arbitral tribunal – Investment holdings of 6 crore shares (CMP 690) – 900 crores of settlement awarded amount has grown to 4x (> 4000cr)
Manufacturing
Manufacturing facilities like Sponge Iron Plant, Mini Blast Furnace, Sinter Plant, Captive Power Plant, Steel Melt Shop, Continuous Casting Machine with EMS facility, Ingot Casting and Rolling Mills. Modern annealing facilities include a Bell annealing furnace, hardening and tempering, Electric annealing furnace. Bright Bar facilities like peeling machines, Combined drawing machines, Wire drawing units, coil-to-bar peeling machines, polishing & grinding line,s and heat treatment facilities are available for value addition. Further, Ultramodern inspection and testing facilities which include Phased Assay Auto Ultrasonic testing machine, Magna flux leakage test, Eddy current test, MPI and mobile / XRF Spectrometer, Anti mix testing for ensure best quality.
Corporate governance
Management / Key man
Vision
Clients
Sources:
Annual reports of the Company
Disclosure: Invested at lower levels
IF RBI withdraws or reduces the 5% rule, look for interesting moves in these, all power and infra financing names.
and Fin ministry may help in this matter as govt needs the financing to build the infra.
investments required across infrastructure sectors in India (such as Power, Roads, Ports, etc.) totaling Rs 220-260 Lakh Crores between FY24 to FY30 as per the National Infrastructure Pipeline. Of this, the Renewable Energy investment is projected at ~Rs 30 Lakh Crore till 2030 unlocking an addressable debt market o
New Capex Live now.
They did first concall this time around. Great results - RHIM Peer. MNC Parent.
Concall notes around this flux plant.
It is not only a “Self reliant / Atma Nirbhar Bharat Play”, But , the Govt has set an export target of 50,000 crore for exporting its friendly countries.
These companies are unique and near monopoly. Defence of our nation is top most priority of the current govt and budget for defence spends can not be neglected.
They have exempted customers duty for import of some critical components for defence equipments , which India is currently not able to produce and friends upon other countries.
in order to increase liquidity in the market, the Govt/ promoter of front line PSU is gradually coming out with OFS for Defence PSU front line stocks “where the stake is very high”
So considering the future prospects, more AMC’/ MF 's are likely to add defence stocks to their portfolios
https://www.screener.in/company/compare/00000085/
Hope that this helps.
The listed front line Defence shipping companies are Cochin shipyards, Mazgaon Dock, Garden reach ship builders.
The other front line defence companies are BEL, HAL, BEML, Midhani , Bharat dynamics , Bharat Forge, Solar industries, L& , Paras defence , Idea forge.
Ancillaries are those who are engaged in supplying parts , components , assemblies, sub- assemblies , Software , hardware , telecommunication system, EMS to the front line companies.
Some of them that comes to mind are Astra microwave, data patterns ,Cyient DLM, Kaynes, DCX systems, Avantel,. Mtar, Apollo micro systems , Taneja aero space , Sika interplant, Zen Technology
The above list may not be comprehensive.
If someone can add to the list please if you find it is left out
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