*With Upside, Trail SL* *Book Profit as per Risk Appetite*
*Snapshot* Estab. in '86, Engaged in Manufacturing (5 Units)/Services of Industrial types of batteries (lead-acid, tubular gel, pure lead thin plate (PLT) and nickel cadmium batteries). Sectors: Telecom, UPS, Railways, Solar, Oil & Gas, Power. Revenue: Battery: ~65% / Railway Electronics: ~11% / Defence Vertical: ~24%. Exports Sales: ~18%
Growing Sales/Profitability on Yrly Basis. Sharp jump in RoA/RoE / RoCE in FY22 vs. FY21. Strong Leverage/Growing TNW. +ve CF from Ops (though down). Dividend paying. Promoter Stake Stable. FII stake Down since Dec'21. DII flat.
*Concern:* Stretched WC Cycle
*Do Your Own Research as Well. This is Just an Opinion.* Happy Investing :)