SAL Steel Ltd
C&H Pattern: Yearly Basis
C&H / Yearly Price Trendline: Strong BreakOut.
Strong Vol. BreakOut. Need to Sustain
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
Engaged in Mfg.: Sponge Iron / Ferro Alloy. Also has Power Generation Capacity of 40 MW.
Likely Issue of Preferential issue of Share Boosting TNW.
Benefitting from +ve Steel Industry Upside. Likely to Continue.
Sharp improvement in Sales / Profitability
Improving RoA/RoE/RoCE since Mar’20.
CF +ve since FY20. Improving WC Cycle (Sharp Decline in Receivables for FY22).
Only Tax Related Contingent Liabilities at Rs.34 Crs for FY22.
Stable Promoter Stake at 50.56%
*Concern:*
Pledged Promoter Stake.
Eroded Reserves / High Leverage.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
C&H Pattern: Yearly Basis
C&H / Yearly Price Trendline: Strong BreakOut.
Strong Vol. BreakOut. Need to Sustain
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
Engaged in Mfg.: Sponge Iron / Ferro Alloy. Also has Power Generation Capacity of 40 MW.
Likely Issue of Preferential issue of Share Boosting TNW.
Benefitting from +ve Steel Industry Upside. Likely to Continue.
Sharp improvement in Sales / Profitability
Improving RoA/RoE/RoCE since Mar’20.
CF +ve since FY20. Improving WC Cycle (Sharp Decline in Receivables for FY22).
Only Tax Related Contingent Liabilities at Rs.34 Crs for FY22.
Stable Promoter Stake at 50.56%
*Concern:*
Pledged Promoter Stake.
Eroded Reserves / High Leverage.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)