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Posts tagged Value Pickr
Vardhman Special Steels Ltd (VSSL) (10-07-2024)
Note: invested at lower levels
Vardhman Special Steels Ltd (VSSL) (10-07-2024)
Note: invested at lower levels
Bansal Wire Industries Ltd (BWIL) (10-07-2024)
Bansal Wire Industries is a stainless-steel wire manufacturing company, incorporated in 1985. The company is divided into three business segments: stainless steel wire, low carbon steel wire, and high carbon steel wire. The metal wire industry is a highly competitive and fragmented market.
Directors of Bansal Wire Industries Limited are Sumit Gupta, Ghanshyam Das Gujrati, Pranav Bansal, Arun Gupta, Sunita Bindal, Umesh Kumar Gupta, Pranav Bansal, Satish Prakash Aggarwal, Saurabh Goel and Ritu Bansal.
Company profile
Business profile of Bansal Wire Industries Limited
M/s Bansal Wire Industries Ltd. (BWIL) is a closely held public limited company incorporated on 11th December
1985, into manufacturing of various kind of wires which have multiple application across sectors including power
and cable, automotive, fencing, infrastructure, agriculture, consumer durables, general engineering. The company manufactures high and low carbon steel wires/ galvanized wire/cable armoring wires and strips/stainless steel wires/profile, shaped wires, speciality wires and so on which have multiple application. The company has a long-standing track record of generating operating profits, they have demonstrated their ability to navigate challenges and maintain a successful and sustainable business. To meet the diverse customer needs, the company manufactures more than 3.000 stock keeping units, the highest among all steel wire manufacturers in
India, with sizes ranging from as thin as 0.04 mm to as thick as: 15.65 mm.
Corporate History-Group and recent acquisitions
Bansal Group commenced its business by wire trading business since 1938 and diversified into the manufacturing in 1985. Group has spread across different product segments which include High Carbon Wire, Mild Steel Wire, Shaped Wires & Stainless Steel Wire spanning across various grades.
In addition to above acquisitions, BWIL has also significant global footprint and exporting globally to over 50 countries.
SWOT analysis of Bansal Wire
Strengths
-
Promoters are in wire trading business since 1938 having experience since 3 generations
-
The company is currently operating from four existing manufacturing facilities and is setting up the largest single location manufacturing facility of steel wire in Dadri, India. This plant would also be amongst the largest capacities in Asia
-
Economies of scale: As of date, Bansal Wire is the second largest manufacturer of steel wires in the country
-
The company has a leading position in the wire manufacturing industry and offers a large selection of products (3000+ SKUs)
-
The company has been demonstrating a steady improvement in sales and profitability
-
The company operates on a "Cost Plus model wherein they are largely immune to commodity price fluctuations
-
The company’s product mix and plant capabilities allow them to switch or add production lines from one sector to another based on industry demands.
Weaknesses
- Short family tree to make succession planning difficult
Opportunities
-
Increasing domestic demand to offer opportunity for business expansion and product diversification.
-
Growing portfolio of high-margin products, such as fine wire, hose wire, and steel cord.
-
Explore the rapidly expanding LRPC Strand industry
Threats
Volatility of raw material prices and changing government policies and regulations
Threat of dumping from China, Korea, and Japan pose threats to the business expansion
Bansal Wire Industries Ltd (BWIL) (10-07-2024)
Bansal Wire Industries is a stainless-steel wire manufacturing company, incorporated in 1985. The company is divided into three business segments: stainless steel wire, low carbon steel wire, and high carbon steel wire. The metal wire industry is a highly competitive and fragmented market.
Directors of Bansal Wire Industries Limited are Sumit Gupta, Ghanshyam Das Gujrati, Pranav Bansal, Arun Gupta, Sunita Bindal, Umesh Kumar Gupta, Pranav Bansal, Satish Prakash Aggarwal, Saurabh Goel and Ritu Bansal.
Company profile
Business profile of Bansal Wire Industries Limited
M/s Bansal Wire Industries Ltd. (BWIL) is a closely held public limited company incorporated on 11th December
1985, into manufacturing of various kind of wires which have multiple application across sectors including power
and cable, automotive, fencing, infrastructure, agriculture, consumer durables, general engineering. The company manufactures high and low carbon steel wires/ galvanized wire/cable armoring wires and strips/stainless steel wires/profile, shaped wires, speciality wires and so on which have multiple application. The company has a long-standing track record of generating operating profits, they have demonstrated their ability to navigate challenges and maintain a successful and sustainable business. To meet the diverse customer needs, the company manufactures more than 3.000 stock keeping units, the highest among all steel wire manufacturers in
India, with sizes ranging from as thin as 0.04 mm to as thick as: 15.65 mm.
Corporate History-Group and recent acquisitions
Bansal Group commenced its business by wire trading business since 1938 and diversified into the manufacturing in 1985. Group has spread across different product segments which include High Carbon Wire, Mild Steel Wire, Shaped Wires & Stainless Steel Wire spanning across various grades.
In addition to above acquisitions, BWIL has also significant global footprint and exporting globally to over 50 countries.
SWOT analysis of Bansal Wire
Strengths
-
Promoters are in wire trading business since 1938 having experience since 3 generations
-
The company is currently operating from four existing manufacturing facilities and is setting up the largest single location manufacturing facility of steel wire in Dadri, India. This plant would also be amongst the largest capacities in Asia
-
Economies of scale: As of date, Bansal Wire is the second largest manufacturer of steel wires in the country
-
The company has a leading position in the wire manufacturing industry and offers a large selection of products (3000+ SKUs)
-
The company has been demonstrating a steady improvement in sales and profitability
-
The company operates on a "Cost Plus model wherein they are largely immune to commodity price fluctuations
-
The company’s product mix and plant capabilities allow them to switch or add production lines from one sector to another based on industry demands.
Weaknesses
- Short family tree to make succession planning difficult
Opportunities
-
Increasing domestic demand to offer opportunity for business expansion and product diversification.
-
Growing portfolio of high-margin products, such as fine wire, hose wire, and steel cord.
-
Explore the rapidly expanding LRPC Strand industry
Threats
Volatility of raw material prices and changing government policies and regulations
Threat of dumping from China, Korea, and Japan pose threats to the business expansion
Priyank’s Portfolio (10-07-2024)
10th July 2024
Names | Invested % |
---|---|
PPFAS🔒 | 24.7% |
Triveni Engg | 8.3% |
Ami Organics | 8.3% |
Sansera Engineering🔒 | 8.2% |
Exide Industries | 6.2% |
Gokaldas (GOKEX) | 5.4% |
Lupin | 4.5% |
Shriram Piston | 4.2% |
Astec Lifesciences🔒 | 4.1% |
Sudarshan Chem | 4.1% |
Craftsman | 4.1% |
Shyam Metalics | 4.1% |
TATA Motors - DVR | 4.1% |
Old Bridge | 4.1% |
Ion Exchange | 3.0% |
Rolex Rings | 2.4% |
- I am struggling to find anything at a good valuation - I am raising cash. Have exited L&T at around 200% up.
- Considering reducing allocations or exiting from other holdings over today and the next weeks. Can’t say how will I act here as the thought process is still evolving.
Disclaimer: I am not a SEBI registered advisor or analyst. This is my personal view and not a recommendation. I am often wrong and do change my views without being able to inform anyone. Please consult your financial advisor.
Priyank’s Portfolio (10-07-2024)
10th July 2024
Names | Invested % |
---|---|
PPFAS🔒 | 24.7% |
Triveni Engg | 8.3% |
Ami Organics | 8.3% |
Sansera Engineering🔒 | 8.2% |
Exide Industries | 6.2% |
Gokaldas (GOKEX) | 5.4% |
Lupin | 4.5% |
Shriram Piston | 4.2% |
Astec Lifesciences🔒 | 4.1% |
Sudarshan Chem | 4.1% |
Craftsman | 4.1% |
Shyam Metalics | 4.1% |
TATA Motors - DVR | 4.1% |
Old Bridge | 4.1% |
Ion Exchange | 3.0% |
Rolex Rings | 2.4% |
- I am struggling to find anything at a good valuation - I am raising cash. Have exited L&T at around 200% up.
- Considering reducing allocations or exiting from other holdings over today and the next weeks. Can’t say how will I act here as the thought process is still evolving.
Disclaimer: I am not a SEBI registered advisor or analyst. This is my personal view and not a recommendation. I am often wrong and do change my views without being able to inform anyone. Please consult your financial advisor.
Priyank’s Portfolio (10-07-2024)
@Aakash444 - The goal has been to play the capex cycle indirectly via leaders that could double earnings in 3 - 4 years (have been tracking it for sometime). The changes in the bearing (shift to forging, EV/Hybrid, etc) set up Rolex in an interesting position. There was a research report about the company sometime back that should give you more insights - LINK
The valuation is debatable and depends on the earnings one is looking at: TTM v/s future. At present, the stock discourages me from adding - there are reasons why it is amongst the lower portfolio allocations. Let’s see when and how the EU recovery pans out.
The current buy is around ~1900/1950. The previous was slightly higher. I exited expecting some correction and was hoping to re-enter around 1600-ish levels but it didn’t go as per expectation. Re-entered with a small allocation. I rarely have been able to hold high valuations for long periods, so maybe I will exit again when needed.
Disclaimer: I am not a SEBI registered advisor or analyst. This is my personal view and not a recommendation. I am often wrong and do change my views without informing anyone. Please consult your financial advisor.
Priyank’s Portfolio (10-07-2024)
@Aakash444 - The goal has been to play the capex cycle indirectly via leaders that could double earnings in 3 - 4 years (have been tracking it for sometime). The changes in the bearing (shift to forging, EV/Hybrid, etc) set up Rolex in an interesting position. There was a research report about the company sometime back that should give you more insights - LINK
The valuation is debatable and depends on the earnings one is looking at: TTM v/s future. At present, the stock discourages me from adding - there are reasons why it is amongst the lower portfolio allocations. Let’s see when and how the EU recovery pans out.
The current buy is around ~1900/1950. The previous was slightly higher. I exited expecting some correction and was hoping to re-enter around 1600-ish levels but it didn’t go as per expectation. Re-entered with a small allocation. I rarely have been able to hold high valuations for long periods, so maybe I will exit again when needed.
Disclaimer: I am not a SEBI registered advisor or analyst. This is my personal view and not a recommendation. I am often wrong and do change my views without informing anyone. Please consult your financial advisor.
Raymond – The Complete Man (10-07-2024)
Because of decrease the FV, no of share is increase but equity share capital will be same. EPS will decrease. ESC only change when fresh issue will happens.