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Consolidation-breakout

Bharat Gears Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since November 2021, NSE:BHARATGEAR has given a breakout today. Support around ₹165. Strengths: - 1. TTM Sales growth is at 21% and TTM Profit growth is at 78% 2. The company has delivered good profit growth of 78.3% CAGR over the last 5 years 3. Record Date for Bonus Issue (in the ratio of 1:2) of Equity Shares of the Company is September 28,2022 4. CRISIL Ratings had on 19th May 2022, upgraded its rating on the long-term bank loan facilities of the company(please go through the credit rating report for better understanding) Weaknesses: - 1. Company has a low return on equity of -1.40% for last 3 years 2. June quarter OPM dropped to 6.65% from 10.77% a year ago Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
NSE:BHARATGEARLong
by akashbothra
Vinyl Chemical Breakout 1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since October 2021, NSE:VINYLINDIA has given a breakout today. Buy with a stop just below ₹291. Vinyl Chemicals (India) Limited, a Parekh Group Company, is engaged in the business of trading in Chemicals mainly Vinyl Acetate Monomer (VAM), which is imported/sourced from various global suppliers and distributed in India. Strengths: - 1. TTM Sales growth is at 114% and TTM Profit growth is at 199%. 2. 10 year and 5 year average ROE more than 20%. 3. Debt to equity at 0.01 (less than 1 is good), Interest Coverage at 266 (greater than 3 is good), FCF to CFO at 100%. 4. Dividend yield at 1.55% (consistent dividend payer since 2011). 5. FIIs increased stake from 0.07 in December 2021 to 0.42 in June 2022. 7. ADX > 29 on daily chart Weaknesses: - 1. March quarter sales growth was at -27% 2. Stock is trading at 6.37 times of its book value Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
NSE:VINYLINDIALong
by akashbothra
Arvind SmartSpaces Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since November 2021, NSE:ARVSMART has given a breakout today. Buy with a stop just below ₹220. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also) Strengths: - 1. Quarterly sales growth is at 124% and quarterly profit growth is at 219%, TTM sales growth is at 75% and TTM profit growth is at 86% 2. Debt to equity at 0.07(less than 1 is good), Interest Coverage at 4.66(greater than 3 is good), Current Ratio at 1.59(greater than 1.5 is good) 3. India Ratings and Research (Ind-Ra) has upgraded Arvind SmartSpaces Limited’s (ASSL) Long-Term Issuer Rating to ‘IND A’ from ‘IND A-’. The Outlook is Positive. Weaknesses: - 1. Stock is trading at 2.57 times its book value 2. The company has delivered a poor sales growth of 10% over the past five years 3. The company has a low return on equity of 8% for the last 3 years 4. Promoter holding has decreased over the last 3 years: -5.58% Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:ARVSMARTLong
by akashbothra
Sirca Paints Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since December 2021, NSE:SIRCA has given a breakout today. Buy with a stop just below ₹580. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also) Strengths: - 1. Quarter sales growth is at 90% and quarter profit growth is at 428%, TTM sales growth is at 40% and TTM profit growth is at 90% 2. 5-year average ROE at 15% 3. Debt to equity at 0.00(less than 1 is good), Interest Coverage at 841(greater than 3 is good), Current Ratio at 5.51(greater than 1.5 is good) 4. The company has been maintaining a healthy dividend payout of 20.3% 5. Debtor days have improved from 107 to 85.0 days 6. The company's median sales growth has been 15.5% in the last 10 years Weaknesses: - 1. Stock is trading at 7.67 times its book value 2. The company has a low return on equity of 11.9% for the last 3 years Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
NSE:SIRCALong
by akashbothra
Triveni Turbine Breakout 1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since November 2021, NSE:TRITURBINE has given a breakout today. Buy with a stop just below ₹215. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also) Strengths: - 1. 10 year and 5 year average ROE more than 15% 2. Debt to equity at 0.00(less than 1 is good), Interest Coverage at 173(greater than 3 is good), FCF to CFO at 79% 3. Dividend yield at 0.56% (consistent dividend payer since 2012 except in the year 2019) 4. FIIs have been increasing their stake since Dec'2019 Weaknesses: - 1. Stock is trading at 9.04 times its book value 2. The company has delivered a poor sales growth of 2.74% over the past five years 3. Earnings include an other income of Rs.230 Cr 4. DIIs have been decreasing their stake since Sep'2021 Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
NSE:TRITURBINELong
by akashbothra
D-Link India Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since January 2022, NSE:DLINKINDIA has given a breakout today. Support around ₹160. Strengths: - 1. Debt to equity at 0.01(less than 1 is good), Interest Coverage at 186(greater than 3 is good), Current Ratio at 1.81(greater than 1.5 is good), FCF to CFO at 96% 2. Company has been maintaining a healthy dividend payout of 21.2% 3. CRISIL Ratings has reaffirmed its rating on the long-term bank facility of D-Link India Limited (D-Link) on 27th June 2022(please go through the credit rating report for better understanding) Weaknesses: - 1. The company has delivered a poor sales growth of 5.63% over the past five years 2. The company has a low return on equity of 13.7% for the last 3 years 3. Debtor days are high at 93 Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
NSE:DLINKINDIALong
by akashbothra
Asahi India Glass Breakout 1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since January 2022, NSE:ASAHIINDIA has given a breakout today. Buy with a stop just below ₹555. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also)
NSE:ASAHIINDIALong
by akashbothra
Orbit Exports Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since October 2018, NSE:ORBTEXP has given a breakout today. Buy with a stop just below ₹126 (one can use a fixed percentage stop loss (e.g. 20% below the buy price) as well). Strengths: - 1. TTM Sales growth is at 102%, TTM Profit growth is at 332%, June quarter sales growth is at 158% and profit growth is at 520% 2. 10 year average ROE more than 15% 3. Debt to equity at 0.24(less than 1 is good), Interest Coverage at 14.8(greater than 3 is good), Current Ratio at 2.14(greater than 1.5 is good) 4. ICRA has reaffirmed the ratings of the company on 21st July 2022 (please go through the credit rating report for better understanding) 5. ADX > 30 on daily chart 6. Debtor days came down from 102 to 76 in March 2022 Weaknesses: - 1. Stock is trading at 2.37 times of its book value 2. The company has delivered a poor sales growth of -1.16% over past five years 3. Company has a low return on equity of 8.20% for last 3 years 4. Dividend payout has been low at 11.8% of profits over last 3 years 5. FIIs decreased stake from 0.18 in March 2022 to 0.02 in June 2022 Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
NSE:ORBTEXPLong
by akashbothra
JK Paper breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since 18th April 2022, NSE:JKPAPER has given a breakout today. Buy with a stop just below ₹364. Strengths: - 1. TTM Sales growth is at 61% and TTM Profit growth is at 107% 2. 5 year and 3 year average ROE more than 15% 3. Interest Coverage at 8.90 (greater than 3 is good) and Current Ratio at 1.56 (greater than 1.5 is good). 4. Dividend yield at 1% (consistent dividend payer since 2016) 5. DIIs increased stake from 0.24 in September 2020 to 5.86 in June 2022 6. ADX > 30 on daily chart 7. Credit rating agency has reaffirmed the ratings of the company on March 2022 (please go through the credit rating report for better understanding) Weaknesses: - 1. The company has delivered a poor sales growth of 8.59% over the past five years 4. Debt to equity at 1.05 (less than 1 is good), FCF to CFO at only 3.58% 5. Borrowings increased to 3137Cr in March 2022 from 2736Cr in March 2021 (borrowings continuously increasing since March 2018) 6. FIIs decreased stake from 4.73 in June 2021 to 3.43 in June 2022 Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
NSE:JKPAPERLong
by akashbothra
Grauer & Weil break out and pull back1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a consolidation since October 2021, BSE:GRAUWEIL gave a break out on 28th April and pulled back today to it's breakout point. It will be a buy if it crosses ₹72 once again with the stop at ₹67. Other fundamentals: 1. GWIL, with track record of over six decades in electroplating business continues to have leadership position in the domestic electroplating chemical industry with around 30% market share. GWIL is promoted by More family with Mr. Umeshkumar More, currently serving as Chairman, being associated with the company since July 1969. His more than five decades of experience helps the company in strategic planning and expansion of the business. 2. GWIL has planned total capex of around Rs.150 crore in next three years period ending FY24 whereby majority of the capex pertains to expansion of its capacity for industrial paints, setting up a research & development centre, expanding capacity of its electroplating chemicals with some minor capex at each of its manufacturing facilities. Also, its earlier envisaged capex for mall expansion has been put on hold in the medium term. This capex programme is proposed to be entirely funded from internal accruals and from its available liquidity as it has no plan to avail any term debt for the same. Realization of envisaged returns from the capex would be critical to maintain its comfortable return on capital employed. 3. Owing to its robust cash accruals, the company continues to finance its operational and capex requirements largely through internal accruals leading to strong capital structure marked by overall gearing of 0.04 times as on March 31, 2021. GWIL continued to have no long-term debt except the unsecured loans from promoters and lease liability. Also, with no major debt funded capex planned till FY24, the overall gearing of the company is expected to remain at comfortable level. On the back of very minimal debt and strong accruals, its debt coverage indicators also stood highly comfortable marked by Total Debt/GCA of 0.25 times and interest coverage of 39.47 times during FY21. 4. The company’s revenue profile is moderately diversified owing to its operations under different business divisions such as surface finishing (of which electroplating chemicals, paints & oil & lubricants are sub-divisions) engineering and shopping mall. Furthermore, electroplating chemical division has wide basket of products and the chemicals manufactured by the company finds its application in various industries such as automobiles, consumer durables, gems and jewellery, etc. Thus, GWIL benefits from the well-diversified product portfolio of chemical segment. Moreover, the company is also involved in the manufacturing of industrial paints, which is the second-largest contributor to the company’s revenue. The product profile in Paints include high performance industrial coatings (with applications in refineries, oil exploration, petrochemicals), Pipeline Coatings (duly approved by WRAS-UK and NSF –USA for application in drinking water pipelines, Irrigation water Intercity pipelines), Marine Coatings (having applications in ships for long life Anti-fouling coatings besides aerospace and defence coatings. The engineering division is involved in manufacturing and providing turnkey solution for electroplating plants, effluent treatment plants and other engineering products. Over 800 plants of varied types have been commissioned by division worldwide till now. Apart from the above, the company has shopping mall spread over 475,000 sq. ft. at Kandivali (Mumbai suburbs) with 247,000 sq.ft. of leasable area. Thus, the diversified revenue profile has helped the company to reduce its dependency as well as tide over any downturn in a particular business segment as was evident during FY21 (refers to the period April 1 to March 31) when income and profitability of shoppertainment segment had declined, the same was largely compensated by improved performance of its engineering division. 5. Last 10 years average ROE greater than 15%. 6. Debt to equity at 0.02 (less than 1 is good), Interest Coverage at 114 (greater than 3 is good), Current ratio at 3.31 (greater than 1.5 is good), FCF to CFO at 76.4%. 7. The company has a dividend yield of 0.72% (consistent dividend payer since 2010). 8. FII stake increased since September 2020 from 0.07% to 0.71% in March 2022. 9. Risk: - a) In chemical segment, the company’s raw materials are various kinds of metals, which are used in powder form for plating/coating, which continue to remain highly volatile. On the other hand, the industrial paints have crude oil derivatives as majority of its raw materials whereby prices of raw materials are linked to crude oil price, which is again volatile in nature. b) In chemical division, GWIL has been largely able to pass on increase in raw material prices in a timely manner on the back of its leadership position in the electroplating chemical segment. However, as pricing for supply of industrial paints are decided at the time of bidding, the profit margins of paints division remain exposed to volatility in the input prices. Moreover, being relatively small player in this division, the pricing power is also low. c) As the company’s operations involve import/export of raw material and sales of its products, it involves transactions in foreign currencies which are done mostly in Yen, USD, and Euro. During FY21, the imports accounted for Rs.58.99 crore as against exports of Rs.60.57 crore. The company has policy of hedging majority of its imports; however, the receivables are normally kept open and hence are exposed to foreign exchange fluctuation.
BSE:GRAUWEILLong
by akashbothra
Borosil bounce back from support1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop NSE:BORORENEW is trading in a range since December 2021. On 5th April 2022 it broke out of a consolidation zone within the range, went back below the support on 12th April and gave a bounce back today. It's a buy with a stop at ₹610. Other fundamentals: 1. BRL is engaged in the manufacturing of low iron solar glass for application in photovoltaic panels. They are the first and the only producer of solar glasses in the country. The Company’s thinner fully tempered solar glass (2mm and 2.5 mm) offers niche products for glass modules. 2. BRL has a 40% market share in the Solar Glass segment. BRL has expanded its glass capacity from 180 TPD to 450 TPD, which is equivalent to the production of 2.5 gigawatts of solar modules annually. 3. During FY20, the company successfully raised 200 Cr through QIP and the money raised through the issue will be utilized for its expansion. The company will more than double its solar glass production capacity from 450 tons per day to 950 TPD. Capacity is being further expanded from 950 TPD to 1950 TPD in phases by 2024. 4. Increase in installed capacity of Renewable Energy is a high priority of government of India which continues to provide strong thrust to the installation of solar power projects. The government has announced three major steps underlining its commitment to the establishment of a strong domestic solar manufacturing eco-system. The first is the announcement of an additional allocation of Rs.19500 Crores under the PLI scheme for solar cells and modules raising the total allocation to a very impressive Rs.24000 Crores. The second is the formal announcement of basic customs duty on solar panels at 40% and on solar cells at 25% effective from 1st April 2022. The third is the scheme of Approved list of Models and Manufacturers introduced some months ago whereby effectively only Indian manufacturers of solar modules are able to supply to many types of government tenders which have now been extended to open access and net metering projects as well. (excerpt from investor call February 2022) 5. Even though 14 Gigawatts of solar module manufacturing capacity exists in India, actual production was about 5.5 Gigawatts during the financial year 2021. We see installed capacity rising to 50 Gigawatts of solar panels within the next three years. This will give a great boost to domestic production of solar equipment in India causing a major shift away from imports from China to sourcing from domestic manufacturers. Consequently, we expect increased demand for solar glass in India. We are in advanced discussion with many of these manufacturers who are all looking to have a local source of supply for solar glass. 6. The European Union has launched a solar accelerator program to promote production of solar modules in Europe. Solar components are likely to enjoy a sweet spot for the next many years. It is heartening to note that the solar installations in the country have picked up momentum in the current year. The installations in the first nine months of FY2022 have been 9.2 Gigawatts, which has matched the earlier best for a full year. This trend is expected to gain further ground and the level of annual installations is expected to accelerate to significantly higher levels. There is a growing demand from export customers looking at the expected significant rise in local production of solar modules in major markets i.e. to say Europe and USA. We see an attractive future growth in the company’s exports. 7. Borosil Renewables is currently undertaking a Brownfield capacity expansion, a third solar line with a capacity of 550 metric tons to meet the growing demand. This will enhance our capacity from 450 tons per day to 1000 tons per day. Commercial production from SG-3 is expected to commence in the second quarter of FY2023. Further, the company’s board has already approved further expansion of capacity through Solar Glass 4 & 5 in order to raise the capacity from 1000 tons to 2000 tons per day. Work on the SG-4 project is expected to commence during the second quarter of CY2022. Given the lead times required for capacity expansion this additional capacity can come on stream in the third quarter of CY2023. 8. The company has delivered good profit growth of 25.44% CAGR over the last 5 years. 9. Quarter sales growth at 20%, quarter profit growth at 332%, TTM sales growth 64% and TTM profit growth at 595% (December quarter). 10. Debt to equity at 0.10 (less than 1 is good), Interest Coverage at 62.5 (greater than 3 is good), Current ratio at 5.60 (greater than 1.5 is good). 11. Borrowings came down from 92Cr. in Mar'20 to 71Cr. in Sep'21.
NSE:BORORENEWLong
by akashbothra
Meghmani Finechem high volume breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After consolidation since October 2021, NSE:MFL has given a high volume breakout today. Buy with a stop at ₹1000. Other fundamentals: 1. Meghmani Finechem Limited (MFL) is part of the Ahmedabad-based Meghmani Group. It was incorporated in September 2007 as a subsidiary of Meghmani Organics Ltd (MOL) but was demerged in April 2021. The company is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives with backward and forward integration facilities and also engaged in trading of Agrochemical products. 2. MFL is the fourth largest amanufactururer of Chlor-Alkali and its Derivatives company in India. The company manufactures - a. Chloralkalis: Caustic Soda Lye and Flakes, Liquid Chlorine, Hydrogen, Caustic Potash Lye and Flakes, etc. b. Derivatives:The company has Chlor-Alkali Derivatives in the form of Chloromethanes and Hydrogen Peroxide. 3. The Company’s manufacturing complex is located in a 60-hectare facility in Dahej (Gujarat). The Company possessed the following capacities as of March 31, 2021: ~4th largest capacity of Caustic Soda at 2,94,000 TPA ~2nd largest capacity of Caustic Potash at 21,000 TPA ~3rd largest capacity of Chloromethanes at 50,000 TPA ~3rd largest capacity of Hydrogen Peroxide at 60,000 TPA ~ The company, in the second year of operations of the Chloromethanes plant, achieved 100% capacity utilization (FY 2020-21). ~The overall production of the company increased from 179 KTA in FY 2019-20 to 302 KTA in FY 2020-21, recording 70% growth. 4. The company's products are used in industries like Refinery, Paper & Pulp, Soaps & Detergents, Textiles, Dyes & Pigments, Pharma, Agro-Chem, Paints & Coatings, Alumina, Pesticides, etc. 5. The company is setting up the EPC and CPVC Resins plants which are expected to be commissioned by FY 2022 and 2023 respectively. a. Epichlorohydrin (ECH): Initiated in the Dahej plant, MFL will become the first manufacturer of Epichlorohydrin in India. The project will have a capacity of 50,000 TPA and will be based on TechnipFMC’s Epicerol technology. Once operational, it would be the first plant in India to run on 100% renewable resources. b. Chlorinated polyvinyl chloride (CPVC): The Company announced the setting up of the Chlorinated Polyvinyl Chloride (CPVC Resin) project in Dahej with a capacity of 30,000 TPA. The total cost of the project would be Rs.190Crs. 6. Quarter sales growth at 90%, quarter profit growth at 184%, TTM sales growth at 89% and TTM profit growth at 128% (December 2021). 7. Average ROE for the last five years at 25%. 8. March quarter results are due on 25th April.
NSE:EPIGRALLong
by akashbothra