EXXARO TILES LTD. LOOKS GOOD FOR SHORT TERM AS WELL AS LONG TERMHello, Everyone I hope you all will be doing well in your life and your investing as well. Here I have brought a stock that is mostly ready to give Breakout. Exxaro Tiles Ltd is the name of the stock. CMP is 96. Its IPO price was 120. And it's below that price. Once it will cross 100 to 120. Target as per fibbo 130, 150, 170 It may touch 225. 80 is a strong support. Mostly it will not break that.
About
Incorporated in 2008, Exxaro Tiles Ltd is a manufacturer and trader of refractory ceramic products
Key Points
Business Overview:
ETL is engaged in the manufacturing and marketing of vitrified tiles, with over 1,000 designs across 6 different sizes and a presence in 25 states and 6 countries.
Product Categories:
a) Double Charge Vitrified Tiles
b) Glazed Vitrified Tiles
c) Full Body Vitrified Tiles
d) Wall Tiles
e) Parking Tiles
Product Profile:
a) 3D effect in Double Charge
b) FGVT Tiles
c) More than 95% Glossy Tiles
d) Full-Color Body Vitrified Tiles
e) 4 Layer Nano+ Micro Polished Tech
f) High Gloss Tiles in GVT
g) Big GVT slab
Product Application:
Airports, Hotels, Interior Design & Furnishings, Retail Malls, Homes, Restaurants, Museums, Shops, Offices, etc.
Production Facilities:
Company has ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified manufacturing
facilities located at Padra and Talod. It has a 14.6 million Sq. Mt. Production Capacity Per
annum for manufacturing glazed vitrified tiles.
In FY23, company did a production of ~9.45 Msm, Vol. ~10.85 Msm, Capacity utilisation ~67.98%
Clientele:
BAPS, Purvankara, Lodha, Rajhans, Shapoorji Pallonji, Amul, Welspun, Intas, Samsung, SBI, etc.
Network:
Company has a network of over 800 dealers and 2000+ touch points where its products are sold under “Exxaro” brand
Geographical Revenue Split - FY23:
Exports ~1%,
Domestic ~99%
Key Developments - H1 FY24:
a) Set up a manufacturing facility at the existing plant at Talod with capacity of 1.4 million sq. mtrs p.a
b) Large format GVT tiles admeasuring 9mm/20mm with thickness in various sizes of
800x2400, 800x3000, 800x3200, 1200x1800 & 1200x2400.
c) Capex for setting up the big slab production line was funded through internal accruals
with a revenue potential of Rs. 250 crores at full capacity
d) Purchased “SACMI CONTINUA” Technology from Italy, admeasuring 1600mm x 3200 mm to manufacture large glazed vitrified tiles/slabs
Brand Ambassador
The company signed Ajay Devgn as their brand ambassador. The company has budgeted ~1% of revenues for advertising and
sales promotions.
New Launches
In FY23, the company started production of the GVT Big Size Slab in a new manufacturing line at our Talod, Gujarat plant. This expansion required a Rs. 300 million capital investment funded internally. The GVT Big Size Slab, a premium product, replaces traditional materials like marble, granite, and quartz, boasting the latest technology.
This is just to boost my confidence. No Suggestions for buying.
Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
