Sacheta Metals Stock Analysis
Sacheta Metals belongs to the Industry of Aluminum and Stainless steel. The company is one of the major manufacturers and exporters of aluminium, stainless and Houseware kitchenware Utensils, pressure cooker, sheet coils, non-stick cookware, foil chaquered sheet, and more steel kithenware in India. The company incorporated on 17-May-1990 and has headquarter in Mumbai, India.
| Current Price ₹ 23.1 | Market Cap ₹ 43.8 Cr. | Dividend Yield 0.86 % |
| High / Low ₹ 23.9 / 10 | Book Value ₹ 16.9 | ROE 4.11 % |
| Stock P/E 39.1 | ROCE 6.56 % | Face Value ₹ 10.00 |
A breakout trade in SACHETA METALS.
Buy SACHEMT above Rs . 23 for the Targets of Rs .30 and 36.
Stoploss Rs .18.
Hodling period should be more than 2 Months..
CMP- 23.1 | Support- 14 | Resistance- 23 | Trend UP↑
Technical Analysis
| MOVING AVERAGES | Indication |
|---|---|
| Simple Moving Average (9) | Bullish |
| Simple Moving Average (18) | Bullish |
| Simple Moving Average (25) | Bullish |
| Simple Moving Average (43) | Bullish |
| Simple Moving Average (100) | Bullish |
| Simple Moving Average (200) | Bullish |
| OSCILLATORS | Indication |
|---|---|
| Commodity Channel Index (20) | Overbought |
| Williamson%R(14) | Overbought |
| MACD(12,26,9) | Bullish |
| Relative Strength Index (14) | Bullish |
| MFI(14) | Bullish |
| Stochastic(20,3) | Overbought |
| PIVOT LEVELS | R1 | R2 | R3 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | 23.91 | 24.70 | 25.49 | 23.12 | 22.33 | 21.54 | 20.75 |
| Fibonacci | 23.72 | 24.09 | 24.70 | 23.12 | 22.51 | 22.14 | 21.54 |
| Camarilla | 23.27 | 23.42 | 23.56 | 23.12 | 22.99 | 22.84 | 22.70 |
| Strengths |
|---|
| Promoters increasing shareholding QoQ |
| Book Value per share Improving for last 2 years |
| Company with Zero Promoter Pledge |
| Weaknesses |
|---|
| Degrowth in Revenue and Profit |
| Fall in Quarterly Revenue and Net Profit (YoY) |
| Inefficient use of capital to generate profits – RoCE declining in the last 2 years |
| Daily Trend – Bullish ↑ |
| Weekly Trend – Bullish ↑ |
| Monthly Trend – Bullish ↑ |
Also Read | ENGINEERS INDIA Stock Analysis
Profile:- Sacheta Metals Ltd.
Sector:- Consumer Durables
Industry:- Home Furnishings
Employees:-
Sacheta Metals belongs to the Industry of Aluminum and Stainless steel. The company is one of the major manufacturers and exporters of aluminium, stainless and Houseware kitchenware Utensils, pressure cooker, sheet coils, non-stick cookware, foil chaquered sheet, and more steel kithenware in India. The company incorporated on 17-May-1990 and has headquarter in Mumbai, India.
Quarterly Results Standalone
| Quarterly | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 |
|---|---|---|---|---|---|---|---|
| Sales + | 28.25 | 24.04 | 27.25 | 23.14 | 23.37 | 12.82 | 23.01 |
| Expenses + | 26.30 | 22.78 | 26.17 | 22.38 | 22.25 | 11.83 | 21.94 |
| Operating Profit | 1.95 | 1.26 | 1.08 | 0.76 | 1.12 | 0.99 | 1.07 |
| OPM % | 6.90% | 5.24% | 3.96% | 3.28% | 4.79% | 7.72% | 4.65% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.17 | 0.21 | 0.20 | 0.21 | 0.33 | 0.15 | 0.10 |
| Depreciation | 0.38 | 0.35 | 0.36 | 0.35 | 0.37 | 0.32 | 0.44 |
| Profit before tax | 1.40 | 0.70 | 0.52 | 0.20 | 0.42 | 0.52 | 0.53 |
| Tax % | 31.43% | 22.86% | 21.15% | 20.00% | 57.14% | 21.15% | 30.19% |
| Net Profit | 0.96 | 0.54 | 0.41 | 0.16 | 0.18 | 0.41 | 0.37 |
| EPS in Rs | 0.51 | 0.29 | 0.22 | 0.08 | 0.10 | 0.22 | 0.20 |
Share Holding Pattern in (%)
| % | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 |
|---|---|---|---|---|---|---|---|
| Promoters + | 58.16 | 59.33 | 59.78 | 60.86 | 61.85 | 65.73 | 67.94 |
| DIIs + | 0.01 | 0.01 | 0.01 | 0.03 | 0.01 | 0.01 | 0.01 |
| Public + | 41.83 | 40.66 | 40.21 | 39.11 | 38.14 | 34.26 | 32.05 |
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(*Note:- The recommendation are based on technical analysis. There is a risk of loss.)