shyam century ferrous
The company in the production of Ferro-Silicon, one of Ferro-Silicon, one of the major raw ingredients of Stainless steel and small quantities in Mild Steel i.e. MS steel. While in Mild Steel it is used as reductant, in Stainless Steel it is used as a grain refiner that enhances brightness. The company has a plant located at Byrnihat, Meghalaya near Guwahati with a production capacity of around 21,000 MT approximately of Ferro-Silicon annually. The Plant has also a Captive Power Generation Unit with an installed capacity of 14 MwH approximately. And the power generated by the same is mostly used for production of Ferro-Silicon which is a major component in making FeSi.
The strategic location at the North-East India gives the company an advantageous exposure to abundant raw materials like Coal, Lam Cole and Quartz at nearby vicinity. Besides Ferro-Silicon, the company also has the facility to produce Silico-Manganese and other Ferro-alloys.
Business area of the company
Shyam Century Ferrous is one of the front runners in the Iron & Steel sector in the Eastern Region and features amongst the largest manufacturers of Ferro Alloys in the country. The Group has also diversified into several core infrastructure sectors such as power (biomass, waste heat, thermal and hydel), cement, logistics and industrial parks
SHYAMCENT trade ideas
Shyam Century Ferrous Penny InvestmentShyam Century Ferrous Ltd is engaged in manufacturing Ferro Alloys like Ferro Silicon mainly in North-Eastern India. This business was transferred from Star Ferro and Cement Limited as a part of a demerger scheme in 2014.
Co. is promoted by Mr. Sajjan Bhajanka & Mr. Sanjay Agarwal who are also the promoters of Century Plyboards Ltd. & Star Cement Ltd.
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 59.96% CAGR over last 5 years
51% promoters holding
Technical chart showing good base around 15-20Rs
Can add some for long term investment around CMP 22-23, can add more if it comes around 15-20.
Targets are 25, 28, 31, 36, 40+
For investors there is no SL, however if one wants to keep, can exit below 9.
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-Saptarish Trading