It seems yudiz solution has connection tibrewala case
1 Like
how are you going to invest a company which is not showing their result last 2 year .may be it will give return but atleast we need to get proper data
Anyone buying in any quality SME with recent fall?
All SME stocks are exorbitantly priced as they are easy to manipulate. Definitely there are some good stocks with quality management, but they are priced at astronomical level and many times costlier to some quality mainboard stocks. So buying these stocks is not investment but pure speculation. Some stocks like Basilic, Krishca etc are good but one has to observe them in downtrend to know the strength of promoters. If one invests hastily without proper studies, one may regret later. None the less, if one is convinced, few limited bets can be taken.
This is my opinion and I may be wrong.
7 Likes
Yes, the past 12 months have seen exponential rise in prices and valuations of Stocks.
IPOs are coming as if there is no tomorrow.
The brief fall in March 2024 which was expected to be a tick type recovery (
) went more like V type and it has added fuel to the overly priced stocks.
Many/most times people pay premium for quality but there is a maximum utility of a product/service itself and in context of stocks, there is nothing much left now.
75-80% of stocks in this space is overvalued and there is hardly any value left.
More problematic is that above 40% are even overpriced after discounting 18-24 month earnings and the stocks who were completely out of fundamentals and forever staying at valuations they might never reach are increasing.
Considering that more than 75% of companies still have to post their results along with the general sentiments in the markets, it will be a hell of a ride.
2 Likes
Hello sir,What is your view after recent fall in Chaman Metallics? Are still invested in that company? I am also very bullish on that company but price of iron ore is increasing day by day. Please share your view on this
Hi,
A lot of SMEs are yet to file their financial results for Half year/Qtr ending Mar’24. I checked the Sebi listing obligations and it says filing to be done within 45 days of relevant half year ending. Is this non-compliance, and if yes, what are the consequences? Thanks
For year end, all the companies are given a time limit of 60 days viz. 30th May.
Beyond that penalty of 5k per day.
So Half year H1 (SME) or Quarter 1,2,3 (rest) are given 45 days
but for H2 or Q4 viz March Quarter, this rule is not applied because there in Audited Financials are given for the full year whereas rest all are technically audited but are just assurance from auditor.
4 Likes
1 Like
Any one tracking konstelec Engineers?
1 Like
Compiled some notes, few weeks ago:
CWD LTD
03/05/2024
Listed on BSE Sme, Lot size 100
BUSINESS OVERVIEW:
CWD stands for Connected Wireless Devices. Our Company is an Information and Communication Technology (ICT) based company that designs, develops, manufactures, and sells integrated solutions combining the power of software and electronics.
All products that are designed and developed in the company are focused on wireless technologies either on:
-Short range radio technology like NFC, Bluetooth BLE, Wi-Fi, Zigbee;
-Mid-range systems like LORA
-Long range communication systems like 5G LTE, NB-IOT, LTE CAT M1 etc.
CWD operates mainly through the segments of Consumer Electronics and Design and Development of Technology Solutions for various Enterprises and Businesses.
Our diversified product portfolio includes:
- Smart Medical Consumer Electronics,
- Products for Vaccine Tracking and Delivery,
- Tracking devices for Farm Cattle that monitor both movement and health,
- Electronics for converting Electric Power meter into a Smart Power meter,
- Employee Safety and Identity Solutions,
- Electronics that once embedded provide Smart Lighting capabilities to enterprises and consumers reducing their costs,
- Bluetooth Low Energy Modules that can be used across various white goods and projects etc.
We are a fully integrated end-to-end integrated solution provider and original equipment manufacturers (OEMs) with capabilities ranging from global sourcing, manufacturing, quality testing, packaging, and logistics.
We are an innovation-driven company with strong focus on research and development, which allows us to develop new products suited to customer requirements and helping them to stay ahead of the curve.
We manufacture and supply these products to customers globally who in turn distribute these products under their own brands.
We have developed R&D capabilities that include electronics hardware designing, system architecture, mechanical and product designing, prototyping, and testing. Apart from undertaking designing, our company also assists our customers in cost reduction through product engineering.
To carry out businesses in different location within India and abroad, we have 3 subsidiaries namely:
CWD Manufacturing Pvt. Ltd. (99.98% Subsidiary) having its registered office in Mumbai, India, CWD Innovations HK Limited (100% Subsidiary) having its registered office in Hong
Kong and SDG Global Private Limited (99.98% Subsidiary) having its registered office in Mumbai, India.
PRODUCTS:
Low power 2.4 GHz + LoRa®
CWD Ltd entered into smart meters segment with a ground-breaking communication solution designed to operate on the 2.4GHz frequency.
As the Govt. focuses on initiatives like National Smart Grid and Smart Cities Missions as well as the Ujwal DISCOM Assurance Yojana, demand for reliable & cost-effective smart meter solutions is on the rise.
Read more here:
Nordic Semiconductor Partnership:
CWD is Nordic’s first Indian BLE (Bluetooth Low Energy) module manufacturer and design partner. The company’s products are also listed on Nordic’s website.
Nordic is a fabless semiconductor company in Norway and focused on low-power wireless communications devices.
SOLUTIONS:
Sound Box
A wireless payment terminal designed for smart, secure and simple payment processing by providing instant audio payment confirmation.
USE CASES:
Hospitals:
Every patient in a hospital is monitored for their vitals like body temperature every 2-3 hours. SmartTemp+ does this in an automated way and provides information that brings down the workload and ensures proper safety of the frontlines as it decreases the nurse-to-patient contact time considerably.
Self-Quarantined Patients:
The patients who are self-quarantined are regularly monitored to ensure their safety. Their movements need to be monitored too.
Frontline Workers:
With many healthcare workers working on the frontline, it is imperative that a close monitoring system needs to be in place for their health. SmartTemp+, in addition to PPE, can monitor their body temperature to ensure proper health.
Factories & Workplaces:
It is imperative to look after workers’ safety in factories and workplaces. SmartTemp+ can ensure 24x7 temperature monitoring and assist with contact tracing in case of an infection breakout in the workplace.
USE CASES:
Asset Tracking:
Simply tag your assets with the device and you’re on your way to tracking the location of your assets in real time. Applicable in a wide range of industries like logistics & warehouse, retail supermarkets, office buildings, hospitals, airports, manufacturing facilities, etc.
Inventory Tracking:
Optimise your inventory management by tagging all your valuable assets and track and monitor their movement within the premises in real time.
Activity Monitoring:
Remotely monitor the movement of your tagged assets across a wide range of industries with the help of our Asset Tracking Solution.
From Annual Report:
Industry
The Indian electronics system design and manufacturing (ESDM) sector is one of the fastest growing sectors in the economy and is witnessing a strong expansion in the country.
The Global Bluetooth Low Energy (BLE) market is estimated to reach $28 billion growing at a CAGR of 20% in the next 5-6 years.
Peers
CWD Ltd is the only listed company to play this theme. U-Blox is their biggest global competitor with around 4000 crore revenue. CWD has kept a target of replacing U-Blox and the process has already started where a German giant Osram onboarded CWD in place of U-Blox.
Management
Mr. Tejas Kothari has completed his Bachelor of Commerce from University of Bombay in the year 1992. He is a successful entrepreneur with over 25 years of experience.
Mr. Siddhartha Xavier has completed his Computer Science and Engineering from Bharathiar University, Coimbatore in the year 2000. Before becoming a director in our Company, he had worked with Reliance Communications and Globalspace Technologies limited. He has around two decades of experience in the technology Industry
OPPORTUNITIES:
- Low penetration of products; much lower than the global average
- Huge push from the government to become self-reliant (reduce import dependency) and to increase exports by introducing various schemes
- Consumption in India to be serviced through the direct manufacturing route
- Focus of brands on Branding & distribution & manufacturing is getting outsourced
- Favourable demographic indicators like urbanisation, nuclearization of families, young aspirational population, increase in disposable income of individuals are expected to act as catalyst for growth.
- Evolving of physical and social infrastructure, better logistics, and an expanding e-commerce industry
OUTLOOK:
India witnessed a substantial spike in demand for electronic products in the last few years; this is mainly attributed to India’s position as second-largest mobile phone manufacturer worldwide and surge in internet penetration rate. The Government of India attributes high priority to electronics hardware manufacturing, as it is one of the crucial pillars of Make in India, Digital India and Start-up India programmes.
The Electronics System Design & Manufacturing (ESDM) sector plays a vital role in the government’s goal of generating US$ 1 trillion of economic value from the digital economy by 2025. With various government initiatives aiming to boost domestic manufacturing, India has already started witnessing initial movement with increased production and assembly activities across products such as mobile phones and other consumer electronics.
Technology Risk:
The business in which CWD deals in is affected with rapid change in technology. The company has to adopt dynamic changes in technology under electronics industry. The company has to be up to date with the rapidly changing technologies.
CWD has installed measures which lead to a cost-effective way of production. Moreover, the company’s aim to emerge as a cost-efficient player and attain cost leadership will help it mitigate any global economic risks.
Company’s senior management has an average experience of more than 20 years in the industry. This allows the company to capture the right opportunities at right time.
CWD is in the industry of Information and Communication Technology (ICT).
With rise in standard of living of people, and a change in lifestyle electronics industry is expected to grow in the years to come. The industry may face a change in preference but it will never cease to exist. CWD has successfully maintained a strong relationship with its key customers. Also, CWD is constantly expanding its customer base which will help it to deal with this risk. The company has always moved ahead with changing technology. Its R&D centres is equipped with the latest technology.ORDER WINS
Fund Raise:
Pursuant to the provisions of the SEBI Listing Regulations, we hereby inform you that, the Board of Directors of the Company through Circular Resolution passed on January 13, 2024 has considered and approved the Allotment of 2,79,000 Convertible Warrants at a price of Rs. 747/- each (including face value of Rs. 10/- each at a premium of Rs. 737/- each) by way of Preferential Issue to the certain identified Non-Qualified Institutional Buyers under Non-Promoter category.
Check the name at Serial No. 3
I couldn’t find the reasons for decline in September H1 profits. No explanation is given. If anyone has any insights, Please share.
===========================================================================
Compiled notes from here & there
Since writing my notes, H2 results are out and the company is back into profit.
4 Likes
Woman Cart
“Womancart” that sells various beauty, personal care, and lifestyle products for women. Some key highlights:
Product Categories
-
Makeup (face, eyes, lips, nails, kits, tools)
-
Skincare (cleansers, moisturizers, masks, toners, lip care, body care, sun care)
-
Haircare (shampoos, conditioners, oils, serums, styling products, tools)
-
Personal care (bath & shower, feminine hygiene, men’s grooming, dental care)
-
Mom & baby care products
-
Fragrances for women and men
-
Jewellery (temple, antique, kundan, fashion/western styles)
-
Lingerie & sleepwear
Featured Products
-
Love Earth liquid lipsticks, lip glosses, and makeup palettes
-
Love Earth skincare products like face washes, masks, and serums
-
Hair oils, serums, and styling products from brands like Tresemme and Schwarzkopf
-
Jewellery pieces from Sayda Jewels across categories like necklaces, bangles, earrings, and rings[1]
Promotions
-
Discounts up to 55% on selected products
-
Free delivery on orders above ₹500
-
Delivery within 24 hours in Delhi-NCR region
Financials :
Market Cap ₹ 69.1 Cr.
Debt ₹ 6.60 Cr.
Sales last year ₹ 29.3 Cr.
Promoter holding 57.4 %
instagram.com/womancart.in/?hl=en
I have ordered around 2000 INR items , and it was successfully delivered . All items up to the mark
Anyone tracking Taylormade renewable?
Co is in the field of water treatment and claims to have no of patents. Company claims to have carried out POC ( proof of concept) for its patented technologies to Armaco( oil company in Saudi Arabia, Coca Cola plant at Saudi Arabia) , Asian Paints India and claims to solving the problems of water purification until now unsolved.
Companies had made preferential allotments to Arun Mukharji and other known investors.
Companies has also applied to migration of BSE main board.
Company is based on Ahemdabad, Gujarat
In fact company has received repeat order from Ami organic last year.
All above details is as per their disclosure on BSE announcement.
Went through Screener and the BSE website to do a quick 45 min research on the company. My initial findings:
Pros:
- Patented Tech - There is no proper solution in the world for the effluent treatment except the TRL RAIN patented technology. There is no technology to treat BBD water to regulatory norms requirements in the world, so Coca-Cola approached TRL. Trials were conducted on the patented TRL RAIN technology pilot plant, and the trials were highly successful, demonstrating the effectiveness of the TRL RAIN technology in treating BBD wastewater and RO reject water. These excellent results have opened significant opportunities in the beverage industry for the TRL RAIN patented technology, which will result in further revenue generation for the company. TRL anticipates substantial growth in the beverage industry sector, which will help improve its bottom line. So this looks to me like the biggest trigger for this company. If we can monitor this and validate how much of this is accurate in terms of a) how big of a true patent this is and how long will they be able to leverage it b) How soon can they translate this to real order books c) and how much bottom line $$ are we talking about if they implement this across the beverage industry
- ROE/ROCE/Margins/PAT, all have shown good improvement in FY24
- No FII/DII yet (I personally look at this as a positive for SMEs as long as I feel like the company is legit and has great growth prospects)
- Promoter has a large stake which they have been holding onto
- Tailwind sectors (Water, Energy, renewables) with a large TAM.
- Top clientele - ISRO, Jindal Power Ltd, AMI Organics Ltd, Vardhman Group (M.P.), Asian paints, GSP Crop Science, Torrent Pharma, Bharat Heavy Electricals, Toyota Industries and Engines Ltd, Cairn India
Negatives - Company generated almost entire revenue in FY22 from supply of goods only. Need to dig more into this to understand what’s the revenue breakdown across its business lines/capabilities like manufacturing vs EPC kind of work
- Cash conversion cycle is high
- The rating continues to be flagged as “Issuer Not-Cooperating” and is based on the best available information.
- Receivables are high, long standing debtors
- Looks expensive PE wise but again it is lower than its 5 year median so not entirely sure what to make of it. Anyway, for SME stocks, looking at PE makes little to no sense to me
4 Likes
@Punit_T - Did you talk to them recently? Can you please share what details you were able to obtain from them regarding timing of the capex coming online? Do you know if they plan to maintain their ROCE/ROE in the 22-25% range and what is the Profit margin we can expect in the coming quarters, leading upto the expansion? Thanks
Anyone tracking GP Eco Solutions. They are making strides in organized distribution, driving India towards a sustainable future through their robust solar business.
Company Overview
GP Eco Solutions specializes in delivering solar energy products. Their goal is to make top-tier global solar products readily available in the Indian market through a network of Solar System Integrators, Channel Partners, and Installers. They offer three main products:
- Solar Panels
- Solar Inverters
- Storage Solutions
Discussion Points
- Valuation: Given the current P/E ratio of 118, how do you all perceive the valuation of GP Eco Solutions? Is it justified based on their growth potential and financial performance?
- Financial Stability: Looking at their operating margins and net profits, do you think they have the financial stability to sustain and grow in the long term?
- Market Position: How well do you think GP Eco Solutions is positioned against other players in the solar energy market in India?