Whalesbook
Toh bhai log, Finolex Industries ke Q4 results aane wale hain aur numbers toh ekdum zabardast lag rahe hain! ICICI Securities ke reports ke mutabik, company ka profit 36.6% badh kar lagbhag ₹225.4 crore tak pahunch sakta hai. Aur sales bhi 35.8% jump kar ke ₹1,591.5 crore ho jayegi.
Kya hai growth ka secret?
Is tezi ka main reason construction sector mein demand ka boost hona hai. Reports ke hisaab se, residential property sales 19% tak badh sakti hai. Upar se government bhi infrastructure par paisa laga rahi hai aur urbanization toh chal hi rahi hai, toh bhai pipes aur fittings ki demand toh badhegi hi!
Valuation ka funda?
Lekin yahan ek twist hai. Jab hum company ke valuation ko dekhte hain, toh yeh apne competitors jaise Astral aur Supreme Industries se kaafi peeche lagti hai. Finolex ka P/E ratio around 22-24x hai, jabki Astral ka 85x-98x aur Supreme Industries ka 63-64x hai. Matlab, market shayad inko abhi bhi undervalue kar raha hai, ya phir future growth ko lekar kuch doubts hain.
Margin pressure ka risk?
Ab baat karte hain margins ki. Pichhle quarters mein dekha gaya hai ki jab revenue badha, tab bhi EBITDA kam ho gaya tha. Iska reason PVC jaise raw materials ke price mein fluctuations. Agar PVC ke prices upar neeche hue toh profit margins par pressure aa sakta hai. Analysts ko lagta hai ki company ka growth rate (around 10% per annum) shayad overall market growth se kam rahe.
Analyst kya bol rahe hain?
Fir bhi, analysts ka overall view positive hai, mostly 'Buy' rating de rahe hain. Target price lagbhag ₹200-207 ke aas paas hai, matlab 12-15% tak ka upside potential dikh raha hai. Lekin kuch reports mein targets kam bhi hue hain. Toh bhai, is stock mein invest karne se pehle raw material prices, competition aur growth plans par nazar rakho. Haan, company ka dividend yield achha hai, woh ek plus point hai.