Shriram piston and rings
Mcap: 9211
Pe ratio: 20
Roce: 28%
Roe: 25%
Promoter holding: 46.75
Key triggers (fundamentally+ technically):
•Commencement of
manufacturing operations by SPR Engenious Limited, a wholly-owned subsidiary
of Shriram Pistons & Rings Limited (SPRL) on March 27
• Abakkus ( Sunil singhania) bought huge stake from Ks Kolbenschmidt Gmbh at rs1,104 on December 2023.
• diversification of product portfolio
•recently had been consolidating and broke its trendline
•strong management, stable business,healthy cash flows, 25% cagr sales growth (3 years) , 26% cagr net profit growth (5 years) and still trading at 20pe
Disclosure: invested last week
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