I have not been regular in posting here 
. I hope to post more frequently going forward. Sharing some small cap ideas that seem interesting. Would be happy to collaborate on any of them, in case anyone is interested. (Names with hashtags are those where I have tracking positions.)
- Integra Engineering #
Sales and margins have been quite consistent over the quarters.
One of the independent directors, Mr Mahendra Sanghvi, is the promoter of Shaily Engineering Plastics.
- Talbros Engineering #
- Bhagwati Autocast #
They make cast iron and spheroidal graphite iron (ductile iron) castings, mainly for tractors. Interestingly, even though the tractor hub is Punjab/Haryana, Bhagwati’s plant is in Ahmedabad. I am yet to figure out how they navigate freight costs and are able to be competitive.
Clients include Escorts, Swaraj Engines etc
What I found very interesting was that the managing director, Mrs Reena Bhagwati, is a director on the boards of Symphony and Anup Engineering. She has also held leading positions at bodies like the Institute of Indian Foundrymen and CII Gujarat.
The chairman and joint managing director, Dr Pravin Bhagwati, was recently awarded the title of ‘Ironman of Indian Foundry Industry’.
They have incurred capital expenditure of INR 16 Crores to set up a 4.5 MW solar plant for captive consumption. (Expected cost savings?)
I also maintain a ‘priority research list’ of companies that I want to study. At present, some names on that list include Coastal Corporation, Cenlub Industries, BEW Engineering. In case anyone wants to collaborate on these, I would be happy to do so.
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