Spent hours on an Engineers India con-call, sharing analysis to the point in
[big read warning: save it in case you want to read it later]
disc: Invested, do your own research 📊 Company Update on Engineers India Limited (EIL) #EIL #Q2FY24 #FinanceReport
Financial Performance: EIL's turnover for Q2 ending Sep 2023 was INR 777 cr, a slight dip from INR 808 cr in Q1 FY23-24. Half-year turnover stood at INR 1586 cr. Notable increases in profit before tax (68%) and after tax (59%) compared to last year.
Important Q&A Margins & Revenue Adjustments: Post-liquidity damage settlement, margins for the turnkey segment at approx. 1.3%. #Margins Order Pipeline: EIL continues focusing on oil & gas, petrochemicals, refinery, mining, and infrastructure sectors.
International Initiatives: Expanding into global markets, EIL has made strides in Guyana, Algeria, and continues efforts in Nigeria, South America, and other African countries. Non-Oil and Gas Initiatives: EIL is actively engaged in green hydrogen projects and has signed an MOA with NTBC for green initiatives and energy transition projects.
Growth Prospects: EIL anticipates a 10% increase in turnover and net profit, signalling growth after a period of stability.
Investment Plans: Significant investments include the Ramagundam fertilizer project and Numaligarh refinery. No new major projects are planned.
Opportunity Size: EIL is bidding for projects in the range of INR 30k to 40k cr across various sectors.
Margins in New Sectors: While exploring green hydrogen and other sectors, margins will depend on market competition, but profits are expected to be favourable.
🚩Risk Management in EIL Strategy #Risks #InvestmentRisks
Turnkey Segment Margin Variability: Quarterly fluctuating margins in the turnkey segment, generally between 2-3%, with ongoing efforts to improve.
Investment in Specific Projects: EIL's focus on a few large projects could be risky if delays or issues arise.
Dependency on Large Projects: With significant engagements like the Nigeria fertilizer complex and Guyana power plant project, EIL's performance is heavily dependent on securing large projects Critical Takeaways for EIL Investors #Investors #StockMarket #EIL
⚙️ Chart pattern looking very good on the weekly and daily chart 🔚That's a wrap on the latest EIL update! Follow me for more insightful updates on EIL, finance, and the stock market. #EIL #Finance #StockMarket NSE:ENGINERS
Comment
⋅
There seems to be some selling happening around the key resistance line. The stock is showing resistance around the 10-day moving average. We have already covered the fundamentals in detail, and if you want to watch the full video, please like and share.
disc: Invested, no recommendation
Comment
⋅
start of firework ???
disc: invested
Comment
⋅
Yes you can do it ...😊🏃🏻♂️
disc: invested 80%
Comment
⋅
Good start of the year isn't
added one more trance today
disc: invested , do you own research
for me this will be stock that I will hold as part of the PWI LAB for sometime and I will trade in and out as and when I get an opportunity .
Comment
⋅
back in action added a trance
disc: invested
Comment
⋅
I don't call this great price action benefit of doubt , only retail /HNI today MF and FII missing due to special trading session.
Will review on Tuesday
disc: Invested , added trance today
Comment
⋅
I don't like the price action sold one trance today during the early part of the trading day- thanks to my automation will review the end of this weak Understand the market context and not just your stock. Disc: Still holding position
Comment
⋅
Back in action
disc: holding , add more this morning
Comment
⋅
After the move of 124% one way, 5-15% shakeout is normal
Hence, I always say keep booking the profits and add trances in buy zone and ride
disc: Invested , not added in this fall as yet - will wait for buying to emerge
Trade closed: stop reached
⋅
Stopped reach , overall gained from this trade
Comment
⋅
I am out, but that doesn't mean I will leave the stock alone - keeping a close watch for the following setup ...strong stock.