TraderRahulPal

Long Term Investment Idea in Piston Making Company

Long
NSE:SHRIPISTON   SHRIRAM PISTONS &
Hello Everyone, i hope you all will be doing good in your Life and Trading as well.
Today i have brought an investment idea for long term on Auto component making company, which is primarily engaged in the manufacturing of pistons, piston pins, piston rings and engine valves for various automotive companies in the domestic and export markets.

The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners. The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners.

The Co.’s customer base includes most of the OEMs in India like Maruti, Mahindra, Honda, Ford, Nissan, Tata, Bajaj, Hero, TVS, Yamaha, Ashok Leyland, Daimler, VE Commercial, Swaraj, and various others. It also caters to global OEMs, namely Jaguar, Land Rover, JCB, BMW Motorrad, Volkswagen, Rotax, ZF Wabco, Yanmar, etc.

The Co. has 3 manufacturing plants located across Uttar Pradesh and Rajasthan. Assembly units are located at Gurugram, Pune, Hosur, Becharji (Gujarat) and Sahibabad.

The Co. has various technical collaborations in different areas with KS Kolbenschmidt GmbH, Germany; Honda Foundry Co. Ltd, Japan; Riken Corporation, Japan and Fuji Oozx Inc, Japan.

Company is totally good as Technically and Fundamentally with good management. Stock has given Multi Year breakout with good Volume. there is higher probability, we can see follow through momentum.

Market Cap
₹ 7,884 Cr.
Current Price
₹ 1,790
High / Low
₹ 1,790 / 491
Stock P/E
19.1
Book Value
₹ 394
Dividend Yield
0.28 %
ROCE
24.7 %
ROE
20.8 %
Face Value
₹ 10.0
Industry PE
33.3
Debt
₹ 333 Cr.
EPS
₹ 94.0
Promoter holding
46.8 %
Intrinsic Value
₹ 1,208
Pledged percentage
0.00 %
EVEBITDA
11.0
Change in Prom Hold
0.00 %
Profit Var 5Yrs
16.0 %
Sales growth 5Years
8.57 %
Return over 5years
28.7 %
Debt to equity
0.19
Net profit
₹ 414 Cr.
ROE 5Yr
13.1 %
Profit growth
63.2 %

Disclaimer:-
Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.

Best Regards,
Rahul Pal
(Full Time Trader & Investor)

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