ISMT Ltd.
Inverse H&S / C&H Pattern: Yearly Basis
P&F Pattern: Monthly Basis
Strong Vol. Consolidation / Continue BuiltUp
C&H / P&F Price Trendline: BreakOut
With Upside, Trail SL
Book Profit as per Risk Appetite
Snapshot
Estab: ‘77. Engaged in Mfg. of Seamless Tubes / Engineering steel.
Acquisition of 51.25% by Kirloskar Group (Pune) of ISMT in Mar’22 (Rs.670 Crs Infusion).
Amongst largest seamless tubes Mfgs. in India. Capacity: 371,000 MTPA
Sales: Domestic/Exports: 90:10
Likely Turnaround
Sales / Profitability: Improving since Jun’22 Qtrly Basis.
IRoA/RoE/RoCE: Sharp Improvement.
Sharp Improvement in TNW/Reduction in Debt, +ve CF from Ops. Since FY17. Improving WC Cycle. C&CE of Rs.89 Crs (Sep’22)
Concern:
Losses till FY22. Imports from China (lower Duty)
Do Your Own Research as Well. This is Just an Opinion.
Happy Investing :)
Inverse H&S / C&H Pattern: Yearly Basis
P&F Pattern: Monthly Basis
Strong Vol. Consolidation / Continue BuiltUp
C&H / P&F Price Trendline: BreakOut
With Upside, Trail SL
Book Profit as per Risk Appetite
Snapshot
Estab: ‘77. Engaged in Mfg. of Seamless Tubes / Engineering steel.
Acquisition of 51.25% by Kirloskar Group (Pune) of ISMT in Mar’22 (Rs.670 Crs Infusion).
Amongst largest seamless tubes Mfgs. in India. Capacity: 371,000 MTPA
Sales: Domestic/Exports: 90:10
Likely Turnaround
Sales / Profitability: Improving since Jun’22 Qtrly Basis.
IRoA/RoE/RoCE: Sharp Improvement.
Sharp Improvement in TNW/Reduction in Debt, +ve CF from Ops. Since FY17. Improving WC Cycle. C&CE of Rs.89 Crs (Sep’22)
Concern:
Losses till FY22. Imports from China (lower Duty)
Do Your Own Research as Well. This is Just an Opinion.
Happy Investing :)