With quarterly sales increasing by 42% and quarterly profit increasing by 68%, BSE:JASCH posted good set of numbers. This share gave breakout on 2nd Feb and was a buy with a stop at or below Rs.150. Within these volatile markets this share is coming back to it's buy zone again and again and trying to move up. It's still a buy with the same stop loss.
Other Fundamentals: -
1. Average ROE for last 5 years above 15%
2. TTM sales growth at 72% and TTM profit growth at 136%
3. Borrowings came down from Rs .23cr to Rs .3cr since Mar'19
4. Debt to equity at 0.04, Interest coverage ratio at 47.9 and ROCE at 24%
5. During FY21, the Co was able to improve the drying speed of PVC coated fabrics in its existing ovens, as a result of which the installed capacity of PVC coated fabrics being manufactured has increased from 78 lakh metres to 94 lakh metres p.a.
6. Some of the major clients of the co include Puma, Red Tape, Bata, Mahindra, Walmart, Calvin Klein etc.
7. The company has recently modified its production lines, which has resulted in development of some new products with significant saving in power and fuel. The company has been concentrating on PU resin and PU Synthetic Leather where the competition is less.
Other Fundamentals: -
1. Average ROE for last 5 years above 15%
2. TTM sales growth at 72% and TTM profit growth at 136%
3. Borrowings came down from Rs .23cr to Rs .3cr since Mar'19
4. Debt to equity at 0.04, Interest coverage ratio at 47.9 and ROCE at 24%
5. During FY21, the Co was able to improve the drying speed of PVC coated fabrics in its existing ovens, as a result of which the installed capacity of PVC coated fabrics being manufactured has increased from 78 lakh metres to 94 lakh metres p.a.
6. Some of the major clients of the co include Puma, Red Tape, Bata, Mahindra, Walmart, Calvin Klein etc.
7. The company has recently modified its production lines, which has resulted in development of some new products with significant saving in power and fuel. The company has been concentrating on PU resin and PU Synthetic Leather where the competition is less.
Comment:
The fight is on. Even after yesterday's big correction, Jasch didn't breach its stop loss and today it's up quite a bit. It just needs a volume push.