ATUL AUTO LTD. Funda-Techno Analysis l Medium - Long Term Investment Review 1 October 2017

ATUL AUTO LTD.

CMP : 465.

VIEW : MID AND LONG TERM.

STRATEGY AND UPDATES: NA

Atul auto is and established player in the commercial and passenger segment automobile sphere. It has wide market share in overall terms although it has not tried any aggressive penetration in north or south Indian markets. It is well established in west India. It is also ready for the electric vehicle segment and has already launched its entry level model.

Its market capitalization is only  about 1000 crore while having good brand and about 500 crore sales. The company is totally debtfree and having CAGR of 58% for last 3 years and 37% for last 5 years.Profit CAGR is 96% for last 3 years. ROE or return on equity CAGR for last 3 years is 32%.  

The dividend payout ratio is also very healthy at 26%. Its book value is good at 5.42.

On the price earnings ratio front the stock is trading at 25 times which is at par to below what its peers are trading at. Again, the stock has tremendous advantage of being a smallcap, so any rise in profitability or capex plans or other corporate development will have huge impact on stock price.

TECHNICAL PICTURE:

As you can see the stock has been in a brief downtrend or consolidation since start of 2015. It looks ripe for another upleg as it is nearing its 400 rs support price. It also seem to take support at its 200 and 100 DMA on weekly chart as it bounced from its 400 level in july 2017. MACD and RSI picture is also favourable.

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This is only a brief of a full report. It is possible, that we have already given this stock recommendation to our clients, or will give it in future, and may exit/reenter as per deem fit to us, updates of which are not possible to give every time.

Research in stock market, about companies is subject to change on day to day basis due to news and developments etc.

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COCHIN SHIPYARD LTD. Mid & Long Term View Fundamental Take For Investors

COCHIN SHIPYARD LTD.

CMP : 519.

VIEW : MID AND LONG TERM.

STRATEGY AND UPDATES: NA

The company came out with good valuations in IPO in last month.

It also posted 555 crore revenue and 90 crore profit in first quarter.

It is India’s largest ship building company. Its shipbuilding capacity is also huge and it has outlined 2700 crore capex. Existing order book is Rs.3078 crore. Entire capex will be funded by internal resources only and not any borrowings.

The company is already debt free and it has Rs.2000 crore cash as well.

Last year co earned 320 cr profit  on sales of 2000 crore. The company is expected to grow easily in next two years at 15-20%.

Its trading at 520 and can come down to 490 or around 450. In deep correction or sell of it can touch 400 where it would become highly attractive so buying shall emerge.

Long term investor and mid term investor also with view of 2-3 years can buy the stock with 50% appreciation expectation.

 

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This is only a brief commentary; you can contact us for complete research, analysis and view on the stock.

Join one of our services for getting regular trading calls in all segments like equity stock cash intraday, positional, index options, index futures, stock futures, stock options and intraday and positional in all of the segments with high accurate less calls with small stoploss and bigger target with personalized service for tracking your profits/losses with us, that’s what we call assured profit services. 

This is only a brief of a full report. It is possible, that we have already given this stock recommendation to our clients, or will give it in future, and may exit/reenter as per deem fit to us, updates of which are not possible to give every time.

Research in stock market, about companies is subject to change on day to day basis due to news and developments etc.

Disclaimer: We or our clients may be holding positions in one or more or all of the stocks recommended by us.

Go check out our site for details or email us or call us for detailed discussion.

For best services for traders and investors in Indian stock market for multibagger stock calls and intraday stock, nifty, stock futures, options trading calls visit our website www.meghacapital.in