IdeasNeosagi

Rexnord Electronics & Controls Ltd

Long
BSE:REXNORD   REXNORD ELECTRONICS & CONTROLS
*Rexnord Electronics & Controls Ltd*

C&H Pattern: Monthly Basis
Price BreakOut

*With Upside, Trail SL*
*Book Profit as per Risk Appetite*

Snapshot
Estab. in ‘98, Mfgs. AC Axial Fans, DC Brushless Fans, Exhaust Fans, Shaded Pole Motors, Energy saving fans.
Domestic / Exports Sales: 82% /18%. Positive Industry Outlook

Growing Sales & Profitability: Yearly Basis.
Profitability on decline since last 2 Qtrs.
Growing TNW. Sound Leverage. CF from Ops +ve.

Sharp Improvement in RoA/RoCE/RoE (in Double Digits) for FY22 vs. FY21
Stable Promoter Stake. PE at 17.1x vs. Industry PE at 36.1x. Room to Grow.

Concern:
Stretched WC Cycle. No Niche. Small Player. Price taken & Can face Margin Pressures.

*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)

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