Financial Weekly

1st Aug. 2021 to 7 th

Aug. 2021 18
RESEARCH REPORT

INTEGRA ENGINEERING INDIA LTD

(505358) (62.75) (Face Value Re.1)
INTEGRA Engineering India Limited (IEIL) Particulars 3 Month Ended
is subsidiary of INTEGRA Holding AG, Swit-
Q1FY22 Q1FY21 % Var.
zerland. Integra Engineering India Limited
commenced its operations in 1987. Since then, Sales 19.31 8.77 120.18
the company expanded its operations adding Operating Profit3.16 -0.25 -
products as well as manufacturing facilities.
Spread over 26 acres and two locations, the PAT 2.17 -0.34 -
current set up offers a unique blend of products to its core sectors in transport and power. The
products in transport primarily cater to Indian Railways, both in Railway signaling & control and
rolling stock. In addition to that, the company manufactures standard industrial enclosures for vari-
ous segments. The product range includes electro-mechanical relays, cable harnesses, wiring
plates, fuse auto change over systems and a variety of mechanical enclosures used in trains and
locomotives. In the financial year Research Design and Standards Organization (RDSO) approved
the company's new LED signal which has been added to the basket of products. In addition, com-
pany has an entry in export market for the transport sector. Moreover, the latest version of I-panel
as an alternate to existing products is gradually getting market acceptance. Integra Engineering
India Limited (IEIL) offers a variety of engineering solutions. As of now, Integra Engineering India
Limited (IEIL) has three fully functional units: Unit I is engaged in the Design, Engineering & Manu-
facturing of customized sheet metal engineering products in SS, MS, GI & Al.
Unit 2 is involved with manufacturing Electromechanical Signalling Relays, Fuse Auto
Changeover System, Protection Relays, Interposing Relays and Wire Harnesses.
Unit 3 is manufacturing industrial enclosures to cater wide variety of industries.
IEIL has an equity base of Rs.3.42 crore that is supported by reserves of around Rs.31.12 crore.
The promoters hold 54.67% of the equity capital, which leaves 45.33% stake for the investing
public.
For Q1FY22, IEIL posted a PAT of Rs.2.17 crore against loss of Rs.0.34 crore in Q1FY21 on
120.18% higher sales of Rs.19.31 crore and an EPS of Rs.0.63.
Currently, the stock trades at a P/E of 27x.
Investors can accumulate this stock with a stop loss of Rs.50. It may give very good re-
turns in medium to long term.

Some successful recommendations of the

SMART Research Report made fresh highs during last week…
Recomm. Date Stocks Recomm. Achieved Appreciation
Rate Rate (%)
18th January 21 FRESHTROP FRUIT 77.65 150.8 94%
1st February 21 BANARAS BEADS 58.3 100.2 72%
15th February 21 NITTA GELATIN 171.5 304 77%
26th April 21 GEE LTD 38.6 109.9 185%
10th May 21 PASUPATI ACRYLON 17.9 33.65 88%
24th May 21 INDO AMINES 121.4 374.05 208%
28th June 21 PANASONIC ENERGY 251.05 319.95 27%
19th July 21 HIND TIN WORKS 106.5 143 34%
Last Week RELIANCE CHEMOTEX 149.5 179.8 20%
Financial Weekly

1st Aug. 2021 to 7 th

Aug. 2021 24
SMART
BUY OF THE WEEK
Dark Horse
Dark Horse-1
BDH INDUSTRIES LTD
(524828) (152.5) (Face Value Rs.10)
Particulars 3 Month Ended BDH Industries Limited operates as
Q4FY21 Q4FY20 % Var. a pharmaceutical company. The
Sales 20.29 12.49 62.45
Company offers a full range of oral
Operating
Profit 2.51 1.48 69.59 solid dosages, drugs, and medicinal
PAT 1.85 1.15 60.87 products, as well as provides health

care services. The company offers its products in various therapeutic classes,
such as antifungal, antibiotics, anticancer, anti-diabetic, antidepressant, anti-
ulcerant, antimalarial, anti-inflammatory, analgesic, antispasmodic, anti-tuber-
culosis, cardiovascular, dermatological, non-steroidal anti-inflammatory drugs,
psychotropic, trichology, and vitamins and minerals.
BDH has an equity base of Rs.5.94 crore that is supported by reserves of
around Rs.37.13 crore. The promoters hold 49.73% of the equity capital, which
leaves 50.27% stake for the investing public.
For Q4FY21, BDH posted a 60.87% higher PAT of Rs.1.85 crore on 62.45%
higher sales of Rs.20.29 crore and an EPS of Rs.3.22. It declared 30% divi-
dend for FY21. Currently, the stock trades at a P/E of just 13.8x.
Company can be Re Rated in future if company decide to shift plant at other
industrial area and sell land of kandivali as it has prime land in Kandivali East
adjoining Big Bazar.
Investors can accumulate this stock with a stop loss of Rs.125. It may
give very good returns in medium to long term.

Cont...
Financial Weekly

1st Aug. 2021 to 7 th

Aug. 2021 25
Dark Horse-2
NELCAST LTD
(532864& NSE) (96) (FV.2)
Nelcast is the Largest Jobbing Foundry in
Particulars Year Ended
India for the manufacturing of Ductile & Grey
Q4FY21 Q4FY20 % Var.
Iron Castings. Its products cater to the Glo- Sales 220.45 125.47 75.7
bal Automotive, Tractor, Construction, Min- Operating
ing, Railways and General Engineering sec- Profit 18.50 12.89 43.52
tors and company is proud to have as its cus- TAX 2.76 -11.24
tomers, the leading companies in these sec- PAT 6.64 22.89 -70.99
tors worldwide. Established in
1985 with a modest capacity of
just 1,000 Metric Tons/Year,
Nelcast has focussed on produc-
ing superior quality castings for
a wide range of Industries. This
focus has helped it grow over the
last three decades to a position
of market leadership with a pro-
duction capacity of 118,000 Met-
ric Tons/Year. Compnay has a

diversified customer base including Original Equipment Manufacturers ("OEM") and Tier-1 cus-
tomers in the Commercial Vehicle, Tractor, Railways and Off-Highway Vehicle segments spread
across India, Europe, North America and Southeast Asia. Company is a trusted partner and a
strategic supplier with long-standing strategic relationships with TAFE, Tata Motors, Ashok Leyland,
Volvo-Eicher Commercial Vehicles, Same Deutz-Fahr India, Daimler, Automotive Axles, Dana,
American Axles & Manufacturing, Comer Industries, Meritor, Wabtec, ZF.
It has an equity base of Rs.17.40 crore that is supported by reserves of around Rs.412.69 crore
which is almost 23 times higher against equity. The promoters hold 74.87%, while the investing
public holds 25.13% stake in the company.
For Q4FY21, NELCAST posted PAT of Rs.6.64 crore on 75.70% higher sales of Rs.220.45
crore and an EPS of Rs.0.76. During Q4FY21, its operating profit grew 43.52% to Rs.18.50 crore
as against Rs.12.89 crore in Q4FY20. During Q4FY21 company paid tax of 2.76 crore while during
Q4FY20 company got tax credit of 11.24 crore. Due to this we have seen Q4FY21 profits at lower
levels. Company paid 10% dividend for FY20.
Investors can accumulate this stock with a stop loss of Rs.83. It may give very good returns in
medium to long term. Cont...
Financial Weekly

1st Aug. 2021 to 7 th

Aug. 2021 46
Tatva Chintan's IPO got listed with 113% premiums: Investors rejoice
Aashka Hospital will come up with IPO with fixed price of Rs. 121
Piramal Cap and IIFL Fin NCDs issues got average response
How much subscription will Devyani Intl's IPO get? When and how will be listing?
SEBI gives nod to IPOs of Krsnaa Diagnostics, Nuvoco, Cartrade
HUDCO's Rs. 720 crore OFS gets good response from investors
Exxaro Tile's IPO will get listed in T group as the fund
ratio is 10.73, so considering rejection of applications, out of 8/9 applicants one
will get 20 shares.
Listing :- The shares may get listed on August 6 around Rs. 1150 to Rs. 1200
and may cross Rs. 1250 level. The investors holding the shares may get good
returns.
• Rolex Rings :- Rajkot based company's Rs. 731 crore IPO with price band of
Rs. 880-900 opened on July 28 and closed on July 30.
Subscription :- It has got 143.58 times subscription in QIB, 160.11 times in
HNI, 24.38 times in retail taking overall subscription to 130.38.
Cont...

Grey Markets Premium

IPOs Offer Price Premium Kostak Price Subject to

Name (Rs.) (Rs.) *Min. Appl. Sauda

Glenmark Life 695 to 720 120 to 124 350 1600

(Seller)

Rolex Rings 880 to 900 550 to 560 350 7000 to 7200

Windlas Bio 448 to 460 150 to 155 -- --

Exxaro Tiles 118 to 120 13 to 15 -- --

Devyani Intl. 86 to 90 54 to 56 -- --

Krsnaa Dia. 933 to 954 400 to 410

Nuvoco Vistas --

CarTrade --

Don't subscribe IPO only on the basis of Grey premium.

Before Investing check the fundamentals of IPOs