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(ONSE:RHIM) RHI Magnestia India Capital Cycle Play?RHIMagnestia India ltd earlier known as Orient Refractories Limited (ORL) is in the business of manufacturing and marketing special refractory products, systems and services to the steel industry in India and Globally. It is a market leader for special refractories in India and has many global customers for its international quality products. KEY POINTS Revenue Breakup Presently, the company earns 74% of its revenues from manufacturing of refractories and 22% from trading of refractory items. Dependent Industries Demand for refractory is primarily dependent on steel industry, which accounts for 75% of total sales. Refractory products are also used glass, cement, non-ferrous, petrochemicals, etc. Manufacturing Facilities The company has 2 manufacturing facilities located in Bhiwadi, Rajasthan and Tangi, Odisha for its manufacutring operations. Capacity Expansion & Investment In FY20, The company purchased certain assets of Manishri Refractories & Ceramics Pvt Ltd's plant situated at Cuttack, Odisha for ~44 crores. The plant has capacity of 10,000 tonnes of MGU bricks which will be increased to 18,000 tonnes post capex. It also acquired 100% stake in Intermetal Engineers India Pvt Ltd for 10 crores for manufacturing of steel plant equipments which are exported to its customers in Gulf and African Region and caters to 400 plant customers in India. Merger Scheme The company proposed a merger scheme to merge RHIIndia and RHIClasil (promoter group entities) with the company. The merger would issue ~4 crore equity shares to the shareholders of RHIIndia and RHIClasil which would have increased the equity capital of the company to 16 crores. The scheme was rejected by the NCLT in March 2020. However, the NCLAT directed NCLT to approve the scheme without any delays January, 2021. Acquisition by RHIMagnesita RHIMagnesita acquired 43.6% stake in the company from the core shareholders in March, 2013. It further acquired 26% stake through an open offer in April 2013. RHIMagnesita is a global leader in refractories with largest number of manufacturing locations around the world. Disc: Not invested as yet , might add a tracking position next week.
NSE:RHIMLong
by Peaceful-Weekend-Investing
Why Laxmi Organics is a strong Short to Medium term BUY NSE:LXCHEM TEN POINTS 1. Laxmi Organic Industries is a specialty chemical manufacturer, focused on two key business segments - Acetyl Intermediates (AI) and Specialty Intermediates (SI)..The company is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market. Laxmi Organic exports about 25% of the manufactured products. Additionally, it is the only manufacturer of diketene derivatives in India with a market share of approximately 55% of the Indian diketene derivatives market in terms of revenue in FY21 and one of the largest portfolios of diketene products 2. Stock gained 50% in one month only after listing -hitting a high of 628 and reported a significant jump in its net profit to ₹98.68 crore in the quarter ending June as compared to ₹18 crore in the corresponding quarter of the previous fiscal. Its revenue from operations also witnessed a massive jump to ₹689 crore from 354 crore in the year-ago quarter. 3. However massive rainfall in Pune factory forced the company to close one of its factories for some time during the SEP 21 quarter and Net profit tumbled from ~98 cr in SEP 21 to 10.3 cr in SEP 21 qtr. 4. Coupled with profit booking the stock tumbled to 385 levels. 5. After a 3 month consolidation the company seems to be turning around its limitations shown in the previous quarter. 6. On the positive side- India Ratings and Research (Ind-Ra) has upgraded Laxmi Organic Industries Limited’s (LOIL) Long-Term Issuer Rating to ‘IND AA-’ from ‘IND A+’. The Outlook is Stable, the ratings agency quoted 7. Despite 60% decline in SI volumes on qoq basis on account of 45 days shut down at SI Unit (Mahad) which caused heavy loss, Laxmi’s H1FY22 profits were close to FY21 performance led by rapid growth in specialty business and higher spreads in acetyl business during the first quarter and normalised acetyl spreads during the second quarter. There is a strong visibility on SI order book for H2FY22. Laxmi has acquired significant international accounts during Q2FY22, as 24% of SI sales were from exports as against 5% in Q2FY21. 8. Buying at current levels is recommended for a short to medium term target of 500-520 for the short term and 620 for the longer term. 9. Maintain stop loss around 430 10. Risk reward ratio of 1:3
NSE:LXCHEMLong
by amitach
NIFTY TOWARDS ALL TIME HIGH??a significant correction has took place in market. for a good movement high correction will be in 5x speed. but is it done ?? as we could see clearly in 1d chart retracement level of 78.6 has been obeyed, also strong support has been offered by the trend line. for wealth accumulation buy stocks since they are cheaper now. we can see a all time high soon cause market took support and now its time fly high. what if support breaks ?? do not worry lads it has an amazing range below the current support, if market breaks current support this will be the best opportunity of 2022 just keep buying stocks aggressive buyers can keep buying with proper money management rule...!
NSE:NIFTYLong
by ASHIKTRADEBOX
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