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Mumbai: The US Federal Reserve last week kept interest rates unchanged and said there would be no change in its plan to cut interest rates thrice during the year, providing much-needed support to the fall in global markets as well as Indian stock markets. But after IT giant Accenture cut its revenue growth estimate for the year, jitters over IT stocks saw sharp selling in the shares by foreign funds, prompting caution in big buying in the latest headlines. Whereas now next week is the last and 28th March 2024 is the last trading day for the financial year 2023-24 in the stock markets and the next week is a holiday, so there are only three trading days. The date for booking losses against profits in shares will be March 28. In such a situation, a big upheaval may be seen in the cash segment shares in the next three-day week. While reducing funds, there can be an opportunity to buy shares with good fundamentals. Due to which big fluctuations can be seen in shares. The dates of Lok Sabha elections have been announced and now there is every possibility of election fever rising in the market. Therefore, caution will be necessary in making new big purchases. In the coming week, global markets will keep an eye on crude oil and rupee-dollar fluctuations as domestic institutional investors will continue buying in the face of ongoing selling in stocks by FPIs. Next week, the stock markets will remain closed on Monday, March 25, 2024, on the occasion of Holi-Dhuleti and on Friday, March 29, 2024, on the occasion of Good Friday. So, in the short week of next three trading days after the end of financial year 2023-24, Sensex may close at 73555 at the support level of 71666 at 74333 and Nifty at 22333 at the support level of 21888 at 22555.
Arjun's Eyes: Savita Oil Technologies Limited.
BSE (524667), NSE (SOTL) Listed, Paid up Rs 2, 100% debt free, 71.92% promoter holding of Mehra family through 2:3 share bonus in 2006, 83% of bonus equity in total equity With, Continuous Dividend Compliant, ISO 14001:2004, ISO9001:2015, ISO 14001:2015, ISO 9001:2008, IS/ISO/ISE 17025:2017 Certified Savita Oil Technologies Limited (Savita Oil Technologies Limited) 63 Years Petroleum Special Products & 22 years leading company in renewable NG sector. Also, the company is the only company in the world to manufacture mineral, natural and synthetic ester based transformer fluids. Since its listing in 1994, the company has been paying dividends for 30 consecutive years, was founded in 1961, and currently has 63 years of experience in the petrochemical industry. The company manufactures transformer oils, white and mineral oils, automotive and industrial oils and finished specialty products. Through which it fulfills the needs of various industries. The company has a wide distribution network of 41 stock points, 20,000 retailers, 400 distributors, 1500 franchised dealers.
Manufacturing Facilities: The company has four state-of-the-art manufacturing facilities. In which one unit is located in Turbhe Navi Mumbai-Maharashtra, the second unit is located in Mahad-Maharashtra, the third unit is located in Kharpada-Dadra Nagar Haveli and the fourth unit is located in Silli-Silvassa. The company's fully automated state-of-the-art manufacturing plant at Silli-Silvassa was commissioned in the year 2013. The company has installed several wind mills in various capacities ranging from 350 kW to 1650 kW at various locations in the states of Maharashtra, Karnataka and Tamil Nadu. Showing promise in the green energy sector, the company has an installed capacity of 54.18 MW of wind power across 18 sites. The company had generated 85.64 MU of green power at a capacity of 53.4 MW in the financial year 2022-23. The company is the only carbon positive petroleum specialty company in Asia.
List of Major Customers: BHEL, ABB, Tata Power, Toshiba, Crompton, NTPC, Power Grid Corp, Dabur, Johnson & Johnson, Marico, SPL Ltd, Emami Ltd, Unilever, Archroma, Finolex, TI Ltd, Godrej, etc. Boyce, Hero Corp, Mahindra & Mahindra, Swaraj Motors, Tata Motors, Tata Hitachi, Hyundai Construction Equipment.
Shareholding pattern: Mehra family promoters hold 71.92 per cent, HDFC Fund holds 7.4 per cent, FIIs hold 1.92 per cent, HNIs hold 4.82 per cent and retail individual shareholders up to Rs 2 lakh hold 13.94 per cent.
Dividend: 1000% in 2020, 750% in 2021, 1250% in 2022 and 1000% in 2023
Book Value (as per Rs 2 payment): Rs 155 in March 2021, Rs 185 in March 2022, Rs 209.70 in March 2023, expected Rs 244.60 in March 2024, expected Rs 285.40 in March 2025
Investment Value: The company has investments worth Rs 326 crore in equities, bonds and mutual funds as of March 31, 2023. The investment price per equity share of the company is Rs 47.
financial result:
(1) Full year April 2022 to March 2023: Net income increased by 23 percent to Rs 3654 crore, Net profit margin-NPM decreased by 6.22 percent, Net profit decreased by 13.35 percent to Rs 225.72 crore, Earnings per share-EPS decreased by Rs. Rs 37.62 to Rs 32.66.
(2) Q1 April 2023 to June 2023: Net income NPM rose 3.53 per cent to Rs 937.41 crore from 6.05 per cent, net profit fell 38.71 per cent to Rs 55.65 crore, EPS earnings stood at Rs 8.05 per cent.
(3) Q2 July 2023 to September 2023: Net income up 3.09 per cent at Rs 902.45 crore, NPM up 5.20 per cent, Net profit down 28.82 per cent at Rs 46.97 crore, earnings per share at Rs 6.80.
(4) Q3 October 2023 to December 2023: Net income rose 6.74 per cent to Rs 981.83 crore, NPM rose 6.87 per cent, net profit rose 135 per cent to Rs 67.36 crore, and earnings per share stood at Rs 9. 75 has been achieved.
(5) Nine months from April 2023 to December 2023: Net income increased by 4.72 per cent to Rs 2818 crore, NPM increased by 6.03 per cent, net profit declined by 10.20 per cent to Rs 170 crore, and nine monthly earnings per share were reported at Rs. Earned Rs 24.60
(6) Expected full year April 2023 to March 2024: Expected net income of Rs 3835 crore, net profit of Rs 241.28 crore and EPS of Rs 34.90 crore.
(7) Expected Full Year April 2024 to March 2025: Expected Net Income Rs. 4027 Crore, Income Net Profit Margin-NPM 7 Percent Net Profit Rs. 281.90 crore Earnings per Share-EPS Expected Rs. 40.79.
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 investment financial 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) 100 per cent debt free, 71.92 per cent owned by Mehra family promoters (3) With investment of Rs 326 crore per share by March 31, 2023. Having an investment value of Rs 47 (4) Having 83 per cent bonus equity in the total equity and paying consistent dividends (5) Expected full financial year April 2024 to March 2025 earnings per share of Rs 40.79 and expected book value of the company at Rs 285. Paid-up shares of Rs 285 are available on NSE (Rs 414) on March 22, 2024, at Rs 413 on BSE at P/E of 10.13.
