This mineral and mining industry supplier is at lifetime highs!
Tega Industries Ltd is a leading manufacturer and distributor of specialized, critical, and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry.
• Global second-largest producer of polymer-based mill liners by revenues
• Offers products and solutions for various stages of mineral processing
• Covers the entire value chain of a mineral processing site
Key Financials:
• Total Revenue for latest quarter increased by >17% Y-o-Y
• Net Profit for latest quarter increased by ~44% Y-o-Y
• Net Profit margin increased from an average of ~13% over the last 4 quarters to ~16%
Red Flag Check:
• Promoter holding is good at almost 80% with negligible pledging
• Debt:Equity is good with enough interest coverage
• Stock is not in any of the exchange surveillance lists
Key Technicals:
• Price is in a steady uptrend
• Strong relative strength compared to benchmark index
• Price broke out of previous all-time high this week with heavy volumes
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.
• Global second-largest producer of polymer-based mill liners by revenues
• Offers products and solutions for various stages of mineral processing
• Covers the entire value chain of a mineral processing site
Key Financials:
• Total Revenue for latest quarter increased by >17% Y-o-Y
• Net Profit for latest quarter increased by ~44% Y-o-Y
• Net Profit margin increased from an average of ~13% over the last 4 quarters to ~16%
Red Flag Check:
• Promoter holding is good at almost 80% with negligible pledging
• Debt:Equity is good with enough interest coverage
• Stock is not in any of the exchange surveillance lists
Key Technicals:
• Price is in a steady uptrend
• Strong relative strength compared to benchmark index
• Price broke out of previous all-time high this week with heavy volumes
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.