Reviews

REVIEWS

BHAGERIA INDUSTRIES
Ticker: 530803 FV: Rs.5
52-Week H/L: Rs.406.60/228

We had recommended Bhageria Industries in Volume No 33, Issue No 48 (dated Sept 18, 2017) when the scrip was trading at Rs 282. Our recommendation was backed by robust financial performance and growth in dyes segment. In Q3FY18, its revenue has grown by 18.4 per cent YoY to Rs 89.60 crore due to improvements in realisations in chemical business and full commissioning of its solar power plant. The EBITDA margin has improved from 12.7 per cent to 27.8 per cent on a YoY basis. Its PAT ballooned by 126.6 per cent YoY, raising the PAT margin to 16.3 per cent . We expect the company will continue to deliver such robust growth going forward. As our target price was achieved, we recommended our investors to BOOK PROFIT in the scrip on Jan 29, 2018.



SUPREME INDUSTRIES
Ticker: 509930 FV: Rs.2
52-Week H/L: Rs.1489.95/933.85

We had recommended Supreme Industries in Volume No 34, Issue No 11 (dated Jan 1, 2018) when the scrip was trading at Rs 1,242. Our recommendation was backed by robust financial performance in FY17 and expected positive outlook for FY19. For Q3FY18, the company's revenue increased by 15.4 per cent YoY. The company witnessed 19.2 per cent growth in volume due to decent performance across all the segments. Its operating profit grew marginally by 6.5 per cent YoY, while its EBITDA margin declined by 130 bps. Its PAT grew by 5.6 per cent YoY. The demand for company's products from housing and infrastructure sectors is increasing. The management is expecting 19 per cent growth in volumes in Q4FY18. Thus, we recommend our investors to HOLD the scrip.