Whalesbook
Porinju Ka Naya Strategy: Mushkil SMEs Mein Mauka?
Market mein jab sab taraf thodi anishchitata hai, tab veteran investor Porinju Veliyath kuch hatke karte hain. Unhone ab Shigan Quantum Technologies aur R K Swamy Ltd. jaise companies mein invest kiya hai. Ye dono stocks SME platform par listed hain aur apne 52-week lows ke paas chal rahe hain. Porinju ko lagta hai ki mushkil waqt mein in companies mein future mein badhiya comeback ka potential hai.
Shigan Quantum & R K Swamy: Kya Hai Sahi Aur Kya Galat?
Shigan Quantum mein working capital ki dikkat hai. Company ko apne customers se payments collect karne mein lagbhag 68 din lag jaate hain, aur cash conversion cycle 132 din ka hai. FY25 mein inka debt-to-equity ratio 0.60 ho gaya tha aur operating cash flow bhi negative tha. Dusri taraf, R K Swamy, jo advertising mein hai, uske debtor days 181 (kabhi-kabhi 328 tak) pahunch gaye hain, jiske karan FY25 mein operations se cash flow negative mein tha. FY25 mein company ki revenue 11% gir kar ₹294.3 crore aur net profit 53% gir kar ₹18.7 crore ho gaya.
SME Platform Ka Risk Aur Market Ka Mood
Ye dono companies SME platforms par hain, jiska matlab hai ki yahan trading bahut limited hoti hai (liquidity issues). Jabki 14 May, 2026 ko Nifty 50 mein 1.18% ka rebound dikha, tab bhi auto sector 1% gir gaya tha. Shigan Quantum ka share ₹78 ke aas paas tha (apne peak se 53% neeche) aur R K Swamy ₹90 par (apne high se 72% neeche). Kai bade investors (FII aur DII) R K Swamy se apna stake kam kar chuke hain, jo confidence ki kami dikhata hai.
Aage Kya Dekhna Hai?
Porinju ka ye bet tabhi successful hoga jab Shigan Quantum apna paisa jaldi collect kar payegi aur R K Swamy apne advertising business ko wapas track par layegi. Investors ko in dono companies ke next quarterly results, especially Q4 results ka wait karna chahiye, jisse pata chalega ki unki working capital aur profitability mein koi sudhar ho raha hai ya nahi. SME platform ki liquidity ek bada factor rahegi.