This oil and gas field services provider is climbing new highs!
The company is a diversified oil and gas player that provides various services and solutions to the energy sector in India. The company's key business aspects are:
• It specializes in providing **air and gas compression services**, **drilling and workover services**, **gas dehydration services**, and **integrated project management services** under rental and chartered-hire basis.
• It is also involved in the **exploration and production business** of oil, gas, and coal bed methane, and has acquired several domestic and international oil and gas blocks.
• It has a strong presence in the Indian market with a diversified client base that includes public sector undertakings, multinational companies, and private players in the oil and gas industry.
Key Financials:
• Total Revenue for latest quarter increased ~32% YoY
• Net Profit for latest quarter increased by >40% YoY
• TTM Net Profit margin increased from ~22% to ~25%
Red Flag Check:
• Promoter holding is good at >60% with negligible pledging
• Debt:Equity is great with high interest coverage
• Stock is not in any of the exchange surveillance lists
Key Technicals:
• Price is in a steady uptrend since listing
• Strong relative strength compared to benchmark index
• Price has been making consecutive all time highs since 3 sessions
Disclaimer:
This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
• It specializes in providing **air and gas compression services**, **drilling and workover services**, **gas dehydration services**, and **integrated project management services** under rental and chartered-hire basis.
• It is also involved in the **exploration and production business** of oil, gas, and coal bed methane, and has acquired several domestic and international oil and gas blocks.
• It has a strong presence in the Indian market with a diversified client base that includes public sector undertakings, multinational companies, and private players in the oil and gas industry.
Key Financials:
• Total Revenue for latest quarter increased ~32% YoY
• Net Profit for latest quarter increased by >40% YoY
• TTM Net Profit margin increased from ~22% to ~25%
Red Flag Check:
• Promoter holding is good at >60% with negligible pledging
• Debt:Equity is great with high interest coverage
• Stock is not in any of the exchange surveillance lists
Key Technicals:
• Price is in a steady uptrend since listing
• Strong relative strength compared to benchmark index
• Price has been making consecutive all time highs since 3 sessions
Disclaimer:
This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
Pratik