Electronics Mart India Ltd ( EMIL )
BSE: 543626 NSE : EMIL
CMP : - 190 , High 194.65 , Low 61.60
Roe : 13.8 , Roce :12 ,
Promoter Holding 72.97%+ , FII + DII increased stake , Public holding only 7.34%
Target : 25% to 40% in 1.5 year as aggressive move plan to open 30 outlet every year as per Karan Bajaj CEO interview.
Stop weak below 165
Risk : Online Competition with Amazon / Flipkart etc.,.
Favourable : Dealing major in House hold appliances like – AC/ Washing Machine etc., which 99% public visit stores and buy.
EMIL - Incorporated in 1980, Electronics Mart India Limited is the 4th largest consumer durable and electronics retailer in India. Today, with 12 Lakhs+ square feet of retail space, a strong workforce of 2271 employees, 139 stores, and over 4 decades of legacy – seems strong business iconic. The company offers a diversified range of products with a focus on large appliances (air conditioners, televisions, washing machines, and refrigerators), mobiles and small appliances, IT, and others.
The company's offering includes more than 6,000 SKUs (stock keeping units) across product categories from more than 70 consumer durable and electronic brands
Revenue Breakup FY23
Channel-Wise
Retail - 98%
Wholesale and e-commerce channels - ~2%
Product Category Wise Q1FY24
Large Appliances- 49%
Mobiles- 37%
Small Appliances, IT & Others- 14%
Litigations
Bajaj Electricals Limited filed a commercial suit against the Company and the promoters before the Bombay High Court, alleging infringement of its trademark “BAJAJ ELECTRICALS” and seeking to restrain the Company, and has filed a 2 Million rupees in damages
Focus
As of 2022 – Number of operational stores reached to 139 stores 50 cities 6 states .The company plans to open a further 13 MBOs in NCR, 21 MBOs in Andhra Pradesh, and 8 MBOs in Telangana by FY25. It is focused on modernizing its current stores and improving store infrastructure.
Technically Monthly Bullish Chart making new ATH.
Weekly Bullish Chart pattern continue up trend of the stock
DCX Systems Ltd ( DCX )
BSE: 543650 NSE : DCXINDIA
Cmp : 279.35 , High 351, Low 138
Roce – 13.1 , Roe -20.9, Last 3 year Roe – 36.5%
Promoter Holding 71.72% , DII 8.21 , Public 20%
Target : 20% to 30% within a year
Stock weak below : 240
Good Q2 number YoY also with Q2Q
Risk : Major supply or revenue of 99.5% from ISRAEL and the country in war.
Favourable : After war or during war order might increase from Israel ( personal view ).
Order book in Hand of 1699 Cr Fy-23
One of the Fastest Growing Company in India for System Integration and Cable & Wire Harnessing. DCX provides - small, medium and large businesses of complete spectrum of services to Aerospace, Land & Naval Defence systems, Satellites and Civil Aviation.
DCX believe, in competitive advantages include our efficiency in operations resulting in timely delivery to their customers, maintaining quality control and product security. This has enabled us to develop long-term and entrenched relationship with our OEM customers.
CLIENTS INCLUDES – RAFEL – HAL Etc., Company had 26 customers in Israel, United States, Korea, and India, including certain Fortune 500 companies, MNCs, and start-ups.
Product range: -
Geographical Presence In FY22, company derived 56% of its revenue through Exports. The Company has customers across Israel, Korea, and North America. However, it derived 99.5% of its export revenue from Israel.
Order Book:
In FY23, company secured orders of Rs. 1699 Cr which comprises of System Integration ~95%, Cable & Wire Harness ~1%, and Kitting ~4%
Focus Areas / Vision :
a) Company is focusing on Transfer of Technology (ToT), especially from Israel and US, on Govt. identified list of indigenous products which cannot be imported and must be manufactured in India. DCX aims to get ToT for such products and supply to MoD and export market.
b) Company is planning a Joint Venture with global OEM’s on Civilian technology to cater to Indian and Global Customers
c) Company is planning to acquiring product technology in aerospace and defense and has reserved money from the IPO for this purpose
d) Company's Raneal advance system manufacturing facility is up and running, but certification is needed before production can start
Weekly Bullish Chart pattern firming of VCP Patterns.
Analyst : Ragesh Shah
info@smartinvestment.in
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