Financial Weekly TM

27th November 2022 to 3 rd

December 2022 30
SMART
BUY OF THE WEEK
Dark Horse
Dark Horse-1
BIMETAL BEARINGS LTD
(505681) (457.75) (Face Value: Rs.10)
Bimetal Bearings Limited is one of
Particulars 6 Months Ended
India's leading manufacturers of Engine (Rs. Cr.) H1FY23 H1FY22
Bearings, Bushings, Thrust Washers, Sales 115.66 88.80
Alloy Powder and Bimetallic Strips. BBL PBT 8.73 2.34
is a member company of the Amalgam-
PAT 6.75 1.81

ations group, one of India's largest light engineering conglomerates. The Amalgamations group
serves a cross section of Indian industry covering manufacturing, trading, distribution, printing and
publishing). BBL, since inception has had a strong OEM orientation with significant SOB with all
leading OEMs. BIMITE the aftermarket brand is the preferred choice of the discerning aftermarket.
BBL's strong material base and state of the art manufacturing systems has helped it make strong
inroads in the international markets too.
It has an equity base of Rs.3.83 crore that is supported by reserves of around Rs.196.18 crore.
The promoters hold 74.88% of the equity capital, which leaves 25.12% stake for the investing
public.
During Q2FY23 & H1FY23 it has reported superb numbers. For Q2FY23, BBL posted 474%
higher PAT of Rs.4.65 crore as against Rs.0.81 crore in Q2FY22 on higher income of Rs.61.75
crore fetching an EPS of Rs.12.16. For H1FY23, it posted 273% higher PAT of Rs.6.75 crore as
against PAT of Rs.1.81 crore in H1FY22 on higher income of Rs.115.66 crore and an EPS of
Rs.17.64.
At CMP, BBL trades at P/E ratio of 24.1x. It paid 80% dividend for FY22.
Investors can watch this stock with a stop loss of Rs.400.It may give
very good returns in medium to long term.

Cont...
Financial Weekly TM

27th November 2022 to 3 rd

December 2022 31
Dark Horse-2

IND-SWIFT LABORATORIES LTD

(532305 & NSE) (64.05) (Face Value Rs.10)
Headquartered in Chandigarh, India, Particulars 6 Months Ended
Ind-Swift Laboratories Ltd today is a glo- H1FY23 H1FY22
bal manufacture of APIs, Intermediates Sales 590.38 485.45
PBT 46.05 44.12
and formulations (through group collabo-
PAT 45.12 43.27
ration). With regulated 6+ manufacturing
sites in Punjab and Jammu we cater to the API needs of regulated markets including USFDA,
EDQM, PMDA, ANVISA, EU-GMP, KFDA, NMO, ANSM, Cofepris, TGA, WHO, ROW. Today, Ind-
Swift Laboratories Ltd is a significant player in manufacturing APIs towards Cardiovascular health,
Antihistamine, Antidiabetic, Antipsychotic, Antimigraine, Parkinson's Disease, Antineoplastic, ADHD
Symptoms, Analgesics, Alcohol Abstinence andBone Resorption Inhibitor. Company also holds
global leadership positions in the Macrolide Antibiotic segment. It caters to the requirement
ofcustomers in 70 nations. 75% of its turnover comes fromexports and more than 55% of its
turnovercomes from Regulated Markets.
With an equity capital of Rs.59.81 crore and reserves of Rs.586.39 crore, ISLL's share book
value works out to Rs.109& stock traded at P/BV of just 0.59x. The promoters hold 42.01%, Other
DIIs hold 19.49% of the equity capital which leaves 38.51% stake with the investing public.
For Q2FY23, ISLL reported higher PAT of Rs.25.34 crore as against PAT of Rs.24.47 crore on
higher sales of Rs.310.21 crore and an EPS of Rs.4.29. During H1FY23, it reported higher PAT of
Rs.45.12 crore as against PAT of Rs.43.27 crore on higher sales of Rs.590.38 crore and an EPS of
Rs.7.65.

Investors can watch this stock with a stop loss of

Rs.52. It may give very good returns in medium to long
term.
Financial Weekly TM

27th November 2022 to 3 rd

December 2022 33
Hi Tech Pipes Ltd
PIPING PROFITS FOR INVESTORS
BSE: 543411 • NSE: HITECH • CMP: Rs 799
Corporate
Feature
Hi-Tech Pipes Limited (HTPL)one of India's
leading ERW pipe manufacturers and suppliers,in
its board meeting has approved 57 lakh fully con-
vertible equity warrants at an issue price of Rs 692
The shares of Hi-Tech Pipes have been seen
per warrant which can be converted into one eq- rallying in the past five trading sessions. The
uity share, if the owner exercises the right for the shares hit a 52-week high of Rs 816.35 per share
same. The company will issue these warrants to on BSE. The shares of this company have soared
promoters, non-promoters investors including
qualified institutional buyers (QIBs), subject to ap-
more than 25 per cent in just five trading ses-
proval of shareholders. The company's board has sions, meaning to say that an investment of Rs 1
also decided to issue three lakh equity shares with lakh made five days ago would have generated Rs
a face value of Rs 10 on a preferential basis, each 25,000 profit today. It generated returns of
to non-promoter's investors, which will be deter-
nearly 53 per cent in a just six months.
mined by the board.
Hi Tech Pipes are engaged in themanufacturing
of a wide range of steel tubes and pipes. Its prod-
uct finds application in a wide range of industries
such as infrastructure, telecom, defence, power
distribution, railways, airport, real estate, automo-
bile and agriculture, among others.
Being a research driven piping company, trans-
formation into a research-led piping solution pro- ANALYST'S PROJECTIONS
vider is an example of how investing in the tech-
SHORT TERM: Rs.1100 • POSITIONAL: Rs.1500
nology of tomorrow is being done. This research-
based approach helped in periodically introduce
innovative product lines, enabled it to shrink pro- The company's clients include leading Blue
cess time, process predictability, and strengthen Chip corporates including Adani Group, Tata,
cost efficiency - the basis of business NTPC, AFCONS, AshokLeyland, etc
sustainability.
The Company manufactures diverse products
like pipes, coils, sheets & strips and engineered products across its five facili-
ties. It derives this ability from a core competence covering the management
of diverse processes (name a few processes here).
The company has five state-of-the-art manufacturing units are spread
across the states of Uttar Pradesh, Andhra Pradesh, Maharashtra and Gujarat.
Hi- Tech Pipes Ltd has a state of art,ultra modern latest technology based
R & D facilities with latest equipment which helps the company to manufac-
ture world class products.Company has strengthened the quality of the prod-
ucts through prudent investments to improve procedural discipline, acquire
best-in-class certifications and implement mission-critical technologies.

***
Financial Weekly TM

27th November 2022 to 3 rd

December 2022 45
Smart super duper - Het Zaveri

R Systems (Rs. 253.00) (Code: 532735) :-As against equity of Rs. 12 crore, the
company has reserves of Rs. 478 crore. In September quarter, the company's income increased
from Rs. 306 crore to Rs. 398 crore, while operating profit increased from Rs. 49 crore to Rs. 54
crore and net profit decreased from Rs. 38 crore to Rs. 37 crore. Recently, Blackstone has ac-
quired 52% stake of the promoters at Rs. 245 a share and is planning an open offer at Rs. 246 a
share. Therefore, the open offer is not likely to succeed. As a result, the buy back price may go up
or the company remain listed as an MNC. In both the situation, the investors will be benefitted.
Therefore, the investors should stay invested in this company.
Aptus Value (Rs. 312.00) (Code: 543335) :- It is a small size housing finance com-
pany, which provides finance in affordable housing finance segment. It provides services in states
like Tamil Nadu, Puducherry, Andhra Pradesh, Karnataka, Telangana and Odisha through 213
branches. In the September quarter, the company's income increased from Rs. 197 crore to Rs.
268 crore, while profit increased from Rs. 85 crore to Rs. 123 crore. Following strong 2nd quarter
results, strong commentary has been received from the management and the company's perfor-
mance may be robust in the second half of the year.
Kabra Extrusion (Rs. 508.00) (Code: 524109) :-KabraExtrusiontechnik (KET) is a
part of renowned Kolsite Group. With over 6 decades of experience, more than 14,463 installations
and presence in more than 92 countries in the Americas, Middle East, Asia and Africa. KET enjoys
a leadership position in the extrusion market. It provides high-performance extrusion solutions for
the manufacturing of pipes and films. It owns two manufacturing plants at Daman, it also plans
battery packs and battery management system plants at Chakan near Pune. The sector's future
seems very bright because the government is quite serious about electrical vehicles. It sells bat-
tery packs and battery management service products under BATTRIXX brand. As against equity of
just Rs. 15.95 crore, the company has reserves of Rs. 321 crore. In the first six months of FY2023,
the company's income was Rs. 285 core, operating profit was Rs. 29 crore and net profit was Rs.
14 crore. The stock has been witnessing re-rating.
UPL (Rs. 776.00) (Code: 512070) :- It was earlier known as United Phosphorous. It is
a reputed name in generic crop protection, chemicals and seeds management. It has taken over a
foreign company called Arista. It has a presence in 123 countries, 27 forumulation facilities and 48
manufacturing facilities across the globe. It boasts of 1023 product patents and more than 13500
product registrations. The company's equity is Rs. 150 crore. In the September quarter, the
company's income increased from Rs. 10567 crore to Rs. 12507 crore, while profit increased from
Rs. 774 crore to Rs. 969 crore. The company's operating profit increased from Rs. 1931 crore to
Rs. 2417 crore.
Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm,
his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested
interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based
on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible
for any legal or financial losses made by anybody.
Financial Weekly TM

27th November 2022 to 3 rd

December 2022 46
Di wan-E-Khas A.J. Diwan (Mumbai)
E-mail : divanconsultancy@rediffmail.com

Run after good stocks

On last Thursday nifty intraday closed all time high of 18484. US economy may not go for reces-
sion is new belief of one school of thought. If fed decided to increased rate, it may be 50 basis point.
Index on last Thursday closed 62272. If trend continues we may see 18600 in few days for nifty.
This uptrend credit deserves by banking and IT shares. Good corporate results may add fuel in
bullish trend.
In our Diwali issue we had recommended Balrampur chini. Today share is at 365. Buy with SL
of 357 for target price of 380/85. Genus power is quoted around 90 the upside target of 95/96.buy
with SL of 85/86. Tata consumer is recommended all rounds. The company is eyeing Bislari plant
buy investing 600/700 cr. The board meeting is in December. Last Thursday share has gone up
and touched Rs. 793. Buy with sl at 775 for target price of 810/815.
Pay TM is not expected to go up. Cut your loss by converting it to newly listed Balaji. Balaji has
restaurants plus big name in package d food.
Delta cop is not going up on day when index surged by 700 points. In the month of December
more tourists expected in GOA share price noticing above 226 and not breaking 214 on closing
basis.
SBI once in cash goes up to 614 or so, buy December 605. This expected to give profit of 1500
to 2000
DLF not able to close above 399/400. So short on rise with that SL. South bank short for intraday
around 15.3/50. Margin is small so 3 to 4 thousand shares can be traded.

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