GMM Pfaudler breakout and retest
BSE:GMM
Fundamentals -
Average ROE for last 3,5,7,10 years > 15% (greater than 15 is good)
Sales and Profit 5 year CAGR 14% and 31% respectively (double digit growth and profit growth better than sales growth is good)
Debt to equity at 0.16 (less than 1 is good), Interest coverage at 19.7 (greater than 3 is good), current ratio at 2.57 (greater than 1.5 is good)
Consistent dividend payer since 2009
Free cash flow to Cash flow from operations percentage is at 50.2%, means it's a cash rich company.
Other important points -
1) GMM Pfaudler (GMM) is the market leader of glass lined equipments in India with over 50% market share.
2) On June 30, 2020, GMM Pfaudler announced that it has agreed into a binding agreement with De Dietrich India (DDPS India) for the acquisition of the latter’s sole Indian manufacturing facility located in Hyderabad. DDPS is a global leader in glass lining equipments.
All in all a financially stable company with good future growth prospects.
Broken out above resistance levels of Rs.4040 and Rs.4177 recently with good volumes after consolidating for 4.5 months, came down up to the breakout point and now trying to move up again. 50 day EMA just crossed 200 day EMA. If crosses Rs. 4428, can go to much higher levels. Stop loss will be below Rs.4000.
Fundamentals -
Average ROE for last 3,5,7,10 years > 15% (greater than 15 is good)
Sales and Profit 5 year CAGR 14% and 31% respectively (double digit growth and profit growth better than sales growth is good)
Debt to equity at 0.16 (less than 1 is good), Interest coverage at 19.7 (greater than 3 is good), current ratio at 2.57 (greater than 1.5 is good)
Consistent dividend payer since 2009
Free cash flow to Cash flow from operations percentage is at 50.2%, means it's a cash rich company.
Other important points -
1) GMM Pfaudler (GMM) is the market leader of glass lined equipments in India with over 50% market share.
2) On June 30, 2020, GMM Pfaudler announced that it has agreed into a binding agreement with De Dietrich India (DDPS India) for the acquisition of the latter’s sole Indian manufacturing facility located in Hyderabad. DDPS is a global leader in glass lining equipments.
All in all a financially stable company with good future growth prospects.
Broken out above resistance levels of Rs.4040 and Rs.4177 recently with good volumes after consolidating for 4.5 months, came down up to the breakout point and now trying to move up again. 50 day EMA just crossed 200 day EMA. If crosses Rs. 4428, can go to much higher levels. Stop loss will be below Rs.4000.
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