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Mumbai: After maintaining the index-led rally for the initial four days last week, with geopolitical tensions easing and corporate results season turning mixed, finance-banking giants have suddenly eased the rally. . But despite the corrections delivered over the weekend, the overall index continues to manage, with small, mid-cap stocks in the side market continuing their bullish cycle. On the global front, the threat of inflation still looms and the Bank of Japan kept the key rate on hold late last week, while global central banks have refrained from cutting interest rates immediately. Crude oil prices have finally bounced back after falling during the week. Results including those at Google parent Alphabet rose over the weekend after US markets were hit by weak US gross domestic product growth and rising inflation.
We. Federal Open Market Committee meeting, corporate results, crude oil prices monitored
On the global front, next week, the U.S. Will be held on Tuesday, April 30. The upcoming meeting of the Federal Open Market Committee (FOMC) and the outcome of this meeting on May 1, 2024 will be closely watched. This time the interest rate is likely to remain unchanged. With an eye on global markets, volatility in global currencies including crude oil, rupee against US dollar, corporate results season in India next week includes UltraTech Cement on April 29, 2024, Tata Chemicals, IOC on April 30, 2024 Will be. on 1 May 2024, Ambuja Cement on 2 May 2024. May 2024 Adani Ports, Adani Enterprises, May 3, 2024 May 2024 Titan Company, Tata Technology results announced by the market. Since the stock markets will remain closed next week on 1 May 2024 on the occasion of Maharashtra Day, in the four trading days of the week, Nifty may close at 22555 at 22777 and Sensex at 74222 at 74888.
Arjun's View: T&I Global Limited.
Only BSE listed (522294) Rs 10 Paid-up, ISO 9001:2008 certified, T&I Global Limited, leading manufacturer and exporter of Tea Processing Machinery CTC, company specializing in supplying customized processing equipment for Orthodox and Green Tea. A family-run business, the company was established in the year 1949 by the Bagaria family of industrialists from Assam-India. Since then, over the years, the Group has introduced many innovative products and value additions to the tea industry, as well as customized drying solutions for the food and chemical industries. Now the company has reached all the tea producing countries of the world through its reputation and credibility.
Manufacturing Facilities: T&I Global has two full-fledged manufacturing facilities in India. One in Kolkata of West Bengal and the other in the industrial city Coimbatore of Tamil Nadu. The company has sales and service facilities at local offices in Coimbatore, Kolkata, Coonoor (Nilgiris), Siliguri (North Bengal) and Tinsukia-Assam and overseas offices in Colombo-Sri Lanka, Nairobi, Kenya and Hanoi, Vietnam. Along with these facilities, the company has an R&D unit in Coimbatore for product development and innovation.
Export: T&I Global Limited is a recognized export house and the company has more than 40 percent share in the global market. The company operates in Sri Lanka, Bangladesh, Nepal, Burma, Australia, Indonesia, South Africa, Kenya, Uganda, Zambia, Malawi, Ethiopia, Nigeria, Rwanda, Tanzania, Brazil, Colombia, Vietnam, Sri Lanka, Malaysia, Thailand, China, Philippines and Papua New Guinea. has an export market in Guyana. The company's blue chip customer companies in the domestic market are Tata Tea, Williamson Magor, Harrison Malayalam Limited, Warren Tea, KDHP, Perry Agro and Goodrich Tea etc. The company holds several patents in India and abroad for its new products and developments. The company has been awarded the WIFO Award from the World Intellectual Property Organization, UNO and the Invention Promotion Award from the National Research Development Corporation-Government of India. Known for quality, excellence and innovation, the company's pioneering machines like Tempest and Kaizen are patented in India and abroad. Other machines like Everest, Trinity, Blaze etc. have brought many benefits to the tea industry. The company has supplied more than 500 dryers worldwide for various drying applications. The company is the preferred dryer supplier for Unilever in India.
The company has recently introduced the Wizard range of continuous drying machines, which have revolutionized the traditional method of drying tea leaves. Other products include Kaizen CTC Tea Processors, Matrix Automatic Continuous Fermentation Machines, Everest-Vibratory Fluidized Bed Dryers, Axis and Smart Axis Automatic Milling and Chasing Machines, Conquest Dryers range, Rolomax Orthodox and Green Tea Rolling Tables. The company has around 1100 employees including Minyan Tea Estate. The company has diversified into the coconut plant machinery sector. In which the company offers plant machinery, coconut plant machinery, coconut processing machinery.
Book Value: Rs 108 in March 2021, Rs 128 in March 2022, Rs 144 in March 2023, Rs 170 expected in March 2024, Rs 200 in expected March 2025
Air holding pattern: Bagaria family holds 53.30 per cent promoter holding, 21.29 per cent stake is with HNIs and others and 25.41 per cent stake is with shareholders worth less than Rs 2 lakh.
financial result:
(1) Full year April 2022 to March 2023:
Net income increased by 46 percent to Rs 156.55 crore. Net profit margin-NPM increased by 5.39 percent. Net profit decreased by 3.36 percent to Rs 8.43 crore. Earning per share-EPS was reported at Rs 16.63.
(2) Nine months from April 2023 to December 2023:
Net income rose 32.40 per cent to Rs 154.71 crore on NPM of 6.92 per cent, net profit rose 45.55 per cent to Rs 10.70 crore and nine monthly earnings per share stood at Rs 21.12.
(3) Possible full year April 2023 to March 2024:
Net Income is expected to be Rs 202 Crore, Net Profit to be Rs 13.97 Crore, Full Year Earnings Per Share-EPS is expected to be Rs 27.57 Crore.
(4) Possible full year April 2024 to March 2025:
Earnings per share are expected to be Rs 30.43 crore from estimated net income of Rs 222 crore, at NPM 7%, net profit is expected to be Rs 15.42 crore.
Thus (1) The author has no investment in the shares of the above company. Authors may have direct or indirect personal vested interests in research sources. Consult a qualified certified financial-investment advisor before making any investment decisions. The author, Gujarat Samachar or any other person will not be responsible for any possible loss on investment. (2) 53.30 per cent promoter shareholding of Bagaria family (3) 75 years of experience in manufacturing and supplying machinery for tea industry domestically and abroad (4) Exporting to many countries with 40 per cent export market share and holding patents (5) ) Shares paying Rs 10 against expected closing expected EPS of Rs 30.43 in 2024-25 and expected book value of Rs 200 are trading at Rs 284.75 on BSE at a P/E of only 9.35, while the industry average P/E is 42. Is. Is