Dynemic Products, Weekly - Flag formation and a breakout this week. The fundamentals have been dissected with a lot of detail in the wonderful VP thread here. This is a simple capex completion play - CWIP = 3x Fixed Assets. There is a lot of capacity and if they are able to sell the capacity in the next 2-3 years, there is a lot of scope for growth. At current prices, there might still be value. The risk is if they aren’t able to grow and the depreciation hits the PnL hard post completion. Also, its a illiquid microcap.
Pokarna, Monthly - ATH Breakout. Again lot of great work done on the fundamentals already in the VP thread here. This again is a international housing growth + capex completion play - with CWIP = 2xFixed Assets. The thread captures the possibilities. The price probably doesn’t yet capture the possible growth. Again, there are similar risks of not being able to grow and taking the depreciation hit in the near term. Valuation is still in favor if the view is bit long
Amrutanjan, Monthly - Breakout from a 6 year consolidation. Numbers last couple of quarters have been great but as I have mentioned here before here and here, I am not convinced on what’s driving growth and it looks like neither is the management. It might just be Covid driving it. Valuation is still cheap if these numbers are sustainable.
Disc: Have position in Dynemic from 500 levels. Pokarna from 220 (Added around 300 when it was breaking out) and Amrutanjan from 460 (Added more recently)