READ MY MARKET VIEW

WHEN MARKET WAS 7900 MANY TECHNICAL EXPERT PREDICTED 6000

WHEN MARKET TOUCHED 8500
MANY TECHNICAL EXPERT PREDICTED 7800
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯

WHEN MARKET TOUCHED 9000 MANY TECHNICAL EXPERT PREDICTED 8500 AND CONSIDERED MARKET OVERVALUED AND BIG FALL.

πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
WHEN MARKET 9200 THEN ALSO MANY VETERAN EXPERT BELIEVED OVERVALUED MARKET AND EXPECTED BIG FALL.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯

WHEN MARKET MADE NEW HIGH STILL MANY BELIEVE HUGE CORRECTION IN MARKET.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯

ONE THING IS CLEAR EITHER THEY LACK KNOWLEDGE OR VISION.

πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
MARKET IS LONG TERM BULLISH FOR THIS SOME OF REASON ARE:
⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️
1:POLITICAL STABILITY
FOR ANY COUNTRY TO GROW POLITICAL STABILITY IS MUST.
NOW WE HAVE SEEN GOVT IS BECOMING STRONGER DAY BY DAY, AND FOT THIS THE REASON WAS IN LAST 3 YEARS THERE WAS NO CORRUPTION RECORDED.
SINCE 2005 TO 2014 MANY SCAM HAPPENED WHICH DESTROYED INVESTMENT COMMUNITY BELIEF ON INDIA.
BUT SINCE 2014 GOVT ARE TAKING STRONG DECISIONS WHICH IMPROVES INDIA ECONOMY.
⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️
2:WHEN COUNTRY WILL GROW, CONSUMPTION WILL BE MUCH MORE.
SO GDP WILL ALSO BE IN THIS DIRECTION.
SINCE INDIAN EQUITY MARKET CONSISTS OF VERY FEW PERCANTAGE PARTICIPATION OF PEOPLE OF INDIA.
BECAUSE MOST OF PEOPLE BELIEVE THAT STOCK MARKET IS NOT GOOD.
WHEN EDUCATION LEVEL WILL INCREASE THIS BELIEF WILL DISAPPEAR.
IN LAST FEW MONTH WE HAVE SEEN MUTUAL FUNDS HAVE INVESTMENT HAS INCREASED IN MARKET ALSO.
⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️
ALL THESE THINGS GIVE BOOST TO MARKET AND I AM LONG TERM BULLISH ON MARKET.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
WHY DOMESTIC COMPANY PERFORM BETTER AND RUPEE WILL BE STRONG.

🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️
FIRST REASON
INDIAN GOVT IS FOCUSED TOWARDS DEVELOPMENT AND NOT CORRUPT LIKE OTHERS GOVT.
STILL NO BIG SCAM REPORTED.
🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️
SECOND REASON

INDIAN GOVERNMENT PLANNING TO ERADICATE PETROL AND DIESEL VEHICLES AND REPLACING ELECTRONIC VEHICLES.
🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️
SINCE INDIA IS IMPORTER OF CRUDE
AFTER INITIATIVE OF E VEHICLES DEPENDENCE OF THIS WILL REDUCE.
CONSEQUENTLY RUPEE WILL BE STRONG.
🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️
THIRD REASON
INDIAN HAS LARGE MARKET AND EXPECTED GDP COULD BE ABOVE 8%
DUE TO CONSUMPTION AND URBANISATION.
🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️🏞️
FOURTH REASON
STRONG POLICY IMPLEMENTATION BY GOVT DUE TO POLITICAL STABILITY.
THIS ALL IS IN FAVOUR OF DOMESTIC COMPANIES

πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯

FROM 9000 TO 9500
FROM 9500 TO 9360
FROM 9360 TO 9860
FROM 9860 TO 9560
FROM 9560 TO 10000
TILL 2017 LAST

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VISESH INFO JUST A GARBAGE

Many Mmb operators engaged over this to trap retailers.
πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯
LETS START FROM PROMOTER SHAREHOLDING WHICH IS 46% AND 90 % OF WHICH
ARE PLEDGED.
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VISESH HAD PAID DIVDEND IN 2006Β  WHEN STOCK PRICE WAS 55.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
COMPANY HAS ISSUED BONUS IN 2013 , I DON’T THINK HOW A LOSS MAKING
COMPANY ISSUED BONUS AND WHY AND ALREADY THEIR COST OF CAPITAL IS TOO
MUCH.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
ONLY THOSE COMPANY SHOULD GIVE BONUS WHICH ARE PROFITABLE AND THEY CAN
FURTER INCREASE EPS.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
COMPANY IS IN SERVICE SECTOR BUT THER COST OF GOODS SOLD IS ALMOST
EQUAL TO SALES SO
IT SHOWS THAT HOW POOR MANAGEMENT VISESH HAVE.
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WHEN COMPANY HAD SALES OF 110CR ITS EMPLOYEE COST WAS 3.61CR
IN 2011 WHEN SALES BECAME 176 CR ITS EMPLOYEE COST WAS 1.02CR.
WHEN SALES WAS 154 CR ITS EMLOYEE COST WAS 2.16 CR.
WHEN SALES WAS 175 CR IN 2014 ITS EMPLOYEE COST WAS 2.86 CR.
IN 2016 WHEN SALES ARE 261 CR ITS EMPLOYEE COST IS 1.83 CR ONLY.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
IN 2016 COMPANY HAS EARNED 6 CR OTHER INCOME WHICH IS UNKNOWN.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
LAST 3 YEARS COMPANY IS NOT PAYING TAXES.
SINCE 2011 TO 2016 THEY HAVE RAISED HUGE QTY OF SHARESΒ  FROM THE MARKET
BUT THE SALES LEVEL IS SAME AS WHAT WAS EARLIER .SO HOW THE MANAGEMENT
USED THOSE CAPITAL AND WHERE?
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
SO I TELL THEY RAISED MONEY FROM MARKET AND USED IN INVESTMENT WHICH IS 66 CR.
IF YOU CONSIDER INVENTORY LEVEL IN LAST 3 YEARS AND CASH BALANCE ITS
SAME FROM 2014 TO 2016.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
COMPANY FIXED ASSEST HAS REDUCED FROM RS 298 CR TO RS 90CR EVEN IF
MANAGEMENT HAS ISSUED CAPITAL SO WHY FIXED ASSEST REDUCED DRASTICALLY.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
COMPANY HAS 61 CR CONTINGENT LIABILITIES WHICH IS EQUAL TO ITS FIXED ASSEST.
COMPANY HAS NOT SUBMITTED ANNUAL RETURN AND PAID FEES ON INCREASED
AUTHORISED SHARE CAPITAL.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
i. Company had increased its authorised capital during the Financial
Year 2010-11 to 2012-13, however, due to technical issues necessary
forms along with the fees w.r.t. increase in Authorised Capital could
not be filed and paid. Meanwhile the schedule of fees was increased as
per the companies act, 2013. However, the authorised capital was
increased prior to the applicability of companies act, 2013.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
The
company has filed a Writ Petition bearing No. WP(C) 5199 of 2015 before
the Hon”ble High Court of Delhi challenging the applicability of
provisions prescribed under Para 3 of Table B under Registration of
Offices and Fees Rules 2014. Due to this reason Annual return could not
be filed. Hence, Directors ofΒ  company are not disqualified for
re-appointment in this company and are eligible for appointment in any
other company as a Director in terms of Section 164(2) of the Act.(From annual reports)
⛰️ ⛰️ ⛰️ ⛰️ ⛰️ ⛰️ ⛰️ ⛰️ ⛰️ ⛰️ ⛰️ ⛰️
ii. Suspension of Sign domains Operations by ICANN: THE Company is one
of the accredited Registrars, however due to certain inadvertent
non-compliance of the Accreditation Agreement executed by the Company,
which could not be cured within the stipulated time; hence ICANN had
suspended the Domain Name Registration for a period of three months.
The non-compliance was cured and the suspension has been revoked and
THE company had again started the Domain Name Registration business.
⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️
AUDITOR”S REPORT

The observations made in the Auditors” Report and Secretarial Auditor”
report are self – explanatory and do not call for further comments.
Report of the Secretarial Auditor is given as an Annexure-II which
forms part of this report, however, as regards qualifications made by
the Auditors” in their report THE directors state as under:
πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯
1.Β  The funds raised by the Company from GDR issue during F.Y. 2007-08
were kept in fixed deposit account with Banco Efisa, Lisbon, Portugal,
as the said amount was to be deployed in terms of INFORMATION
MEMORANDUM of the GDR issue. During the F.Y. 2008-09, Banco Efisa, the
Bank in Portugal, wrongly debited an amount of USD 8,883,210.75 out of
the balance lying in the Company”s Account with the Bank.Β  The Company
has denied and disputed this debit and had initiated legal action under
criminal jurisprudence of Portuguese Law. During the criminal
investigation, several new facts/documents have come to our knowledge
and based on the evaluation of new facts/documents by Barristers,
Senior Advocates and investigation carried out of in India, London and
Portugal; THE Company has initiated a strong civil action for recovery
of USD 8,883,210.75, alongwith interest, against Banco Efisa and its
Holding Company, wherein our Portuguese advocates confirm that the
chances of recovery are very high. The suit filed by THE company
before Portuguese courts is presently pending adjudication.
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DISCLAIMER :The blog aim to share important information to protect investors.

FIRST MULTIBAGGER PICK PIX TRANSMISSIONS FOR BLOGGER

Multibagger pick Pix Transmissions
First given by me @65 last year.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
Pix Transmissions Ltd., is the leading manufacturer of Belts and
related mechanical Power Transmission products in India. The Company
features state-of-the-art Belt manufacturing units as well as a
completely automated Rubber Mixing facility in Nagpur.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
PIX Transmissions Ltd. enjoys significant brand equity in the Power
Transmissions industry, with strong local as well global presence. The
company has overseas subsidiary operations in Europe, and Middle-East,
in addition to over 250 committed Channel Partners in over 100
countries worldwide.
ISO/TS 16949:2009, ISO 14001, and OHSAS 18001
ATEX certification from Germany, for its entire range of
fire-resistant antistatic (FRAS) Belts.
Prestigious ‘Niryat Shree’ award conferred by the President of India
for achieving outstanding performance in the Export for products
related to our Industry.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
Special awards from several Business Associations and Governmental
agencies in recognition for best Export performance, consistently for
the past several years.
(Source:Website)
⛰️ ⛰️ ⛰️ ⛰️ ⛰️ ⛰️ ⛰️ ⛰️ ⛰️ ⛰️ ⛰️ ⛰️
Financial Performance
Current market cap:184 cr
Book value
2015:106
2016 :112
2017:123
Book value growth : 16 %
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Sales
2015:203 cr
2016:217cr
2017:236 cr
Sales Growth : 16 %
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
Ebidta
2015:35 cr
2016:33 cr
2017:49 cr
Ebidta growth: 40%
πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯
Net profit
2015 :3.45 cr
2016 : 3.66 cr
2017 : 14.7 cr
Net profit growth: 326%
πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯
Eps
2015:2.34
2016:2.38
2017 : 12
Eps growth :400%
If same rate of eps growth is maintained then we can see 20 plus eps in 2018.
πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯
Market cap to sales ration each year increasing.
COMPANY has paid 40 percent average dividend in last 3 years.
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COMPANY has generated huge reserves in last 3 years from 140 to 151 cr now.

COMPANY is increasing fixed assets which is equal to market cap from 139 to 173.
Which resulted in improvements in operation.
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Interests payment is going down each year from 19 cr to 14 cr.
Last 5 years cash flow from operations is always positive.
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PROMOTERS have 61 percent holding while INSTITUTIONAL holding negligible
πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯
COMPANY credit rating awarded A3 by care.
Last year highest traded pe was 20 but currently trading at pe of 12.
If It traded at pe of 20 then price should be 240.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
Last year highest trading price to book was 1.25 but currently at 1.07

LAST YEAR EV to EBIDTA was 7 but currently 5.5.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
COMPANY has huge client base in india as well as outside India.
Some of Big names like L&T, Tata, Reliance, Indian government also.
I am expecting Pix transmission 300 plus in 2018.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
DISCLAIMER :I am holding the stock

Wanted to know PEG RATIO ,

πŸ”οΈπŸ”οΈπŸ”οΈπŸ”οΈπŸ”οΈπŸ”οΈπŸ”οΈπŸ”οΈπŸ”οΈπŸ”οΈπŸ”οΈπŸ”οΈπŸ”οΈπŸ”οΈ
P/E RATIO = PRICE PER SHARE / EPS
PEG RATIO =
P/E RATIO / EARNINGS GROWTH RATE
πŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈ
COMPANY A PRICE PER SHARE = 46
A COMPANY EPS THIS YEAR = 2.09
A COMPANY EPS LAST YEAR =
1.74
πŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈ
COMPANY A. CURRENT P/E RATIO = 46 / 2.09 = 22
COMPANY A EARNINGS GROWTH RATE = (2.09 / 1.74) – 1 = 20%
πŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈ
COMPANY A PEG RATIO = 22 / 20 = 1.1
πŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈ
COMPANY B PRICE PER SHARE = 80
COMPANY B EPS THIS YEAR = 2.67
COMPANY B EPS LAST YEAR = 1.78
πŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈ
COMPANY B CURRENT P/E RATIO = 80 / 2.67 = 30
COMPANY B EARNINGS GROWTH RATE = (2.67 / 1.78) – 1 = 50%
πŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈ
COMPANY B PEG RATIO = 30 / 50 = 0.6
πŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈπŸ–οΈ
THE LOWER THE PEG RATIO , THE MORE THE STOCK MAY BE UNDERVALUED GIVEN ITS EARNINGS PERFORMANCE. THE DEGREE TO WHICH A PEG RATIO VALUE INDICATES AN OVER OR UNDERPRICED STOCK VARIES BY INDUSTRY AND BY COMPANY .
πŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈ
PEG RATIO BELOW ONE IS DESIRABLE .
BUT THIS IS NOT ONLY CRITERIA FOR STOCK SELECTION.
BECAUSE PEG RATIO DEPENDS ON HISTORICAL FACT WHICH MAY BE WRONG IN FUTURE.
πŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈ
SUPPOSE INDUSTRY MAY FACE RECESSION or INPUT COST GO HIGH DUE TO LESS SUPPLY .
OR GOVT REGULATION IMPACT ON INDUSTRY .
πŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈπŸ•οΈ
OUTPUT DEMAND DECREASES IN THE COUNTRY ,TECHNOLOGY UPGRADATION IMPACT ON INDUSTRY ETC.

Great company is not great Stock. Suzlon energy dont expect to be Multibagger

πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
THE GREAT COMPANY IS NOT ALWAYS A GREAT STOCK ,AND DOES NOT PROVIDE
GREAT RETURN.

πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
FINANCIAL REVIEW(CONS)

-Company has many subsidiaries and many of them make loss each year
that’s why suzlon performance is not improving .
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
-The stake of promoters has reduced due to allotment of shares to non promoters. And 99% of Shares Are pledged.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
-Statutory auditor has qualified in audit report on some matters like
delay filling of Ecb and evaluation of performance of independent
directors.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
-Last 5 years sales growth is minus 11% .
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
-Company stands in very low margin business segment,if you see last 5
years sales and expenses no improvement can be seen.,However last year
some cost control measure has been taken resulting increased margin.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
-Most of company profit goes into tax and interest due to heavy debt
portion consisting along with equity as well as Company has issued Gdr and Adr but volume of sales is reducing each year.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ

-Last dividend was paid in year 2008 and from then neither dividend
paid nor capital gain in terms of price given to shareholders.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
-Each year sales volume coming down inspite of equity and debt
portion increasing.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
-in last 5 years company has not created any reserves
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
– In last 5 years no improvement in debtor turnover and inventory turnover.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
-IN last 5 years return on capital and net worth is negative.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ

Business Review(PROS)
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
-The Suzlon Group is one of the leading renewable energy solutions
providers in the world with a presence across 19 countries in Asia,
Australia, Europe, Africa, North and South America.
With over two
decades of operational track record, the Group has a cumulative
installation of approximately 15.5 GW of wind energy capacity, over
7,500 employees with diverse nationalities and world-class
manufacturing facilities.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
Suzlon, as a wind energy solutions company has a large in-house
Research and Development (R&D) set-up in Germany, the Netherlands,
Denmark, and India.
Approximately 9.50 GW of the Group’s installations
are in India, which makes up for ~36% of the country’s wind energy
installations, making Suzlon the largest player in this sector.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
From being a premier wind turbine supplier, Suzlon has recently
forayed into the solar energy solutions space. The Group,
headquartered at Suzlon One Earth in Pune, India, is comprised of
Suzlon Energy Limited and its subsidiaries.
Pioneering the ‘Concept to Commissioning’ model in the wind energy
industry, Suzlon has opened the market to new customer segments.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
The
company heavily invests in R&D to ensure that it capitalizes on all
aspects concerning renewable energy, and stands at the forefront of
manufacturing this technology to harness the wide spectrum of
renewable energy solutions available today.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
-Suzlon key market are Brazil,China,North America except india.
China is the strong market for suzlon.
but now a days China itself facing economical survival.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
-Key Management Includes J.p.chalasani and Rakesh Sarin and both have
enough experience
In power sector.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
-company has recently started its 2 manufacturing units in pondecherry.
-From this year company has started to keep tight control on fixed
costs and debt and also reduced debts too much.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
-Company took one more step with the installation of newest product
from 2.1 MW range, the S111 120m prototype, at
Naliya, Gujarat.
This is the latest variant of successful
S97 120m and S111 90m products which combines the
larger blade of S111 with the higher hub height and hybrid
tower of S97.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
The S111 120m showcases its ability to make
low wind sites viable, increase efficiency, and enable energy
security, affordability and reliability.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ

-The renewable industry recorded a
growth of 18% CAGR in 2015 and is expected to attract
US$5.86 trillion worth of investment between 2014-2035.
-CARE upgraded Suzlon to an investment
grade rating of BBB- for its long term loans, fund based
working capital limits and SBLC backing AERH Bonds and
A3, for its non-fund based working capital and proposed
commercial paper.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
-Suzlon forayed into the solar energy market with projects
of 210 MW by Telangana State Utility Southern Power
Distribution Company of Telangana Limited (TSSPDCL).
Won through competitive bidding, the project is to be
fulfilled at six sites across the state through six Special
Purpose Vehicles (SPVs
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ<πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ

-In last few years Many development has been done by suzlon management
and govt thrust on make in india looks promising for Suzlon energy
.
-During the year under review, the Company decided to embark further into the
renewable energy sector by venturing into solar space.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
The Company has
won bids for 515 MW solar power projects across
four states namely Telangana, Maharashtra, Rajasthan and Jharkhand,
out of which power purchase agreements for
340 MW have been signed. Post March 31, 2016, the Company signed a
Share Subscription and Shareholders Agreement
with CLP Windfarms (India) Private Limited (β€œCLP) and SE Solar
Limited, a subsidiary of the Company for setting up 100 MW
solar power project in the State of Telangana and eventually sale of
SE Solar Limited to CLP.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ

Conclusion(:Last years shows some improvement in bottom line but not
on top line inspite of Huge capital infusion may be through Equity,Debt,ADR,GDR and 99% Pledged Shares.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
Suzlon current eps 0.50 and trading @ 18 if we see
in 2009 suzlon eps was 1.5
And market price was 26.
So in current situation if suzlon earns eps of 1 it can
touch 25 or 30 in one year
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
but if you are thinking
It as multibagger then you are cheating with yourself
DISCLAIMER :I am not holding Suzlon energy

RETAILERS BE AWARE FROM QUARTERLY RESULT MANIPULATION

πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
1:JSWENERGY POSTED VERY BAD RESULT
STOCK FALL
NEXT DAY MOTILAL OSWAL GIVEN TARGET OF 85
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
2:DLINK POSTED BAD RESULT

AFTER 2 DAYS ICICI GIVEN TARGET OF 140, SAME AS WAS BEFORE.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
3:MT EDU POSTED BAD RESULT
STOCK PRICE FALL
ARIHANT CAPITAL GIVEN TARGET 109
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
4: TRIDENT POSTED GOOD RESULT
STOCK FALL
NO BROKERAGE GIVEN TARGET
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
5:PRESSMAN POSTED GOOD RESULT
STOCK PRICE FALL
NO BROKERAGE TARGET
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
6:BLISS GVS POSTED OUTSTANDING RESULT

STOCK PRICE FALL
NO BROKERAGE GIVEN TARGET
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
7:JSW STEEL POSTED GOOD RESULT
STOCK PRICE FALL
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
8:MANGALAM DRUG POSTED GOOD RESULT
STOCK PRICE FALL UPTO 180
NO BROKERAGE GIVEN TARGET AFTER RESULT.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
LAST QUARTER
SHREYAN IND POSTED GOOD RESULT

STOCK PRICE FALL 10 PERCENT AND TOUCHED 125
THEN AFTER MADE NEW HIGH OF 200 IN THREE MONTHS.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
TOKYO PLAST POSTED GOOD RESULT
STOCK PRICE FALL UPTO 100
NO BROKERAGE GIVEN TARGET
WITHIN 3 MONTH TOKYO PLAST TOUCHED 150.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
STAR PAPER POSTED GOOD RESULT
STOCK PRICE FALL UPTO 140
WITHIN 3 MONTH STAR PAPER 200
NO BROKERAGE GIVEN TARGET
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
OVERALL CALCULATIONS IS THAT BROKERAGE WANTS RETAILERS INVEST IN BAD RESULT POSTED COMPANY SO THAT THEY CAN PULL THEIR CAPITAL OUT, THEIR TARGET NOT GOING TO BE ACHIEVED
AND
DIVERT ATTENTION FROM GOOD RESULT POSTING COMPANY.
THEY WANT WE LOOSE AND THEY GAIN.

NOW ONLY NEEDS TO SEE HOW MANY READ AND BELIEVE THIS.

KELLTON TECH RISK CANT BE IGNORED

BUSINESS REVIEW

1;KELLTON TECH IS AN INDIAN IT COMPANY ENAGAGED IN DIGITAL TRANSFORMATION WHICH IS A
WHOLE SCALE CHANGE TO FOUNDATIONAL COMPONENTS OF A BUSINESS .

OPERATIONS TO BASIC INFRASTRUCTURE
IT COVERS UP EVERY ELEMENTS OF ENTERPRISE FROM
FINANCE,MARKETING,HUMAN RESOURCE,
OPERATIONS.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
2;DIGITIZATION IS THE BUZZWORD IN INDIA ,RECENTLY GOVERNMENT OF INDIA ALSO STEP FORWARD IN THIS FIELD TO IMPROVE BUSINESS AND REDUCE CORRUPTION.

DIGITIZATION SAVES TIME AND EFFORT OF BUSINESS AND ALSO COST FOR THE BUISNESS CONSIDERING THIS KELTON HAS GOOD BUSINESS MODEL AND FUTURE LOOKS GOOD.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
3;COMPANY IS CURRENTLY DEPLOYING TWO I0T BASED PROJECTS AND AS PER FORECAST GLOBAL I0T MARKET WOULD GROW TO $1.7 TRILLION TILL 2020.
SINCE KELLTON IS ALREADY STEPPED IN IN THIS FIELD SO IT COULD GET MORE BENEFITS IN COMING DAYS.
πŸŽ†πŸŽ†πŸŽ†πŸŽ†πŸŽ†πŸŽ†πŸŽ†πŸŽ†πŸŽ†πŸŽ†πŸŽ†πŸŽ†πŸŽ†
4;IT WON THE MOST PRESTIGIOUS AWARD β€˜DIGITAL INNOVATION IN SERVICE INDUSTRY IN INDIA’
AS WELL AS’ EMERGING IT COMPANY OF INDIA’
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸŽ†πŸŽ†πŸŽ†πŸŽ†
5;KELLTON HAS 40 CUSTOMERS FROM FORTUNE 500 LIST AND THREE LARGEST E-COMMERCE PLAYER IN INDIA INCLUDING INDIAN AIRLINES.
πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯
6;KELLTON DEVELOPED CLOUD –HOSTED MHEALTH PROGRAM IN UP WHICH ENABLED 2G MOBILE TO RECORD DATA ON REAL TIME AND GOT SUCCESS
πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯ πŸ’₯
7-KELLTON TECH IS A MOBILE APP PARTNER FOR NASSCOM EVENTS.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
MANAGEMENT REVIEW

1;BOARD OF DIRECTORS

KRISHNA CHINTAM MD WHO IS BACHELOR IN ELECTRICAL ENGINEERRING AND MASTER IN ELECTRICAL ENGINEERING FROM VIRGINIA TECH.HE HAS 20 YEARS EXPERIENCE IN INFORMATION TECHNOLOGY.

NIRANJAN CHINTAM CMD GRADUATED FROM WHARTON BUSINESS SCHOOL AND HOLDS ENGINEERING DEGREE IN ELECTRICAL.HE SPEARHEADED EXPANSION DRIVE OF KELLTON TECH
AND PUT IT ON GLOBAL IT MAP.

KARNJIT SINGH WHO HAS 23 YEARS EXPERIENCE WORKING WITH LARGE ENTERPRISES ON CONSUMER INTERNET APPLICATION.
HE WAS DIRECTOR OF JDA SOFTWARE FOR PRODUT DEVELOPMENT BEFORE KELLTON TECH
.πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
THE BOARD STURTURE CONSIST OF MORE THAN HALF OF INDEPENDENT DIRECTOR ONE OF THE BEST PART OF CORPORATE GOVERNANCE.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
2;COMPANY HAS CONSTITUTED VARIOUS COMMITTEE AS PER COMPANIES ACT 2013 WHERE INDEPENDENT DIRECTORS FORM MAJORITY.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
3;ONE NEGATIVE THINGS IS NON PAYMENT OF DIVIDEND WHICH MAY BE DUE TO COMPANY BELIEFS ON GROWTH WHICH FINANCIAL STATEMENT SHOWS.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
4;KELLTON TECH HAS MANY SUBSIDIARY IN MANY COUNTRIES LIKE CYBERWORLD SOLTION INC,
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
PROSOFT TECHNOLGY,VIVOSΒ PROFESSIONAL,EVANTAGE SOLUTION,SUPREMESOFT INC.
IN LAST YEAR COMPANY PROFITABILITY REDUCED DUE TO NON-PERFORMANCEΒ OF SUBSIDIARY
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
5;COMPANY PERFORMANCE MAINLY DEPENDS ON SUBSIDIARY ,IF ANY OF THSES DID NOT PERFORM WELL THEN PROFIT MAY COME DOWN RESULTING SHARE PRICE ALSO.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
6- KELLTON PROFIT GROWTH IN 2016 WAS 10% AND KMP SALARY GROWTH 6.5%
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
FINANCIAL REVIEW

1;KELLTON QUARTERLY PERFORMANCE EACH YEAR KEEP IMPROVING YEAR BY YEAR TOP LINE WITH BOTTOM LINE AND IN LAST 3 YEARS SLAES GROWTH IS 95%
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
2;TO BOOST REVENUE COMPANY HAS INVESTED IN CURRENT ASSEST INCREASING DEBTOR DAYS.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
3;IN LAST FEW YEARS COMPANY HAS INCREASED EXPENSES ON EMPLOYEE DUE TO WHICH PRROFIT HAS BEEN IMACTED.COMPANYΒ HAS ALSO INCREASED 21%
REMUNERATION OF C.E.O KARNJIT SINGH THIS YEAR AS WELL AS OTHER EXPENSES ALSO INCREASED
.πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
4;FINANCE COSTS HAS ALSO BEEN INCREASED DUE TO BUSINESS EXPANSION. AND EXPENDITURE ON SUBSIDIARY.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
5;BASIC EPS HAS BEEN INCREASED FROM 1.79 IN 2014 TO 6.96 WHICH IS GOOD SIGN.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
6;RETURN ON NET WORTH AND CAPITAL BOTH IMPRESSIVE.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
7;CASH FLOW FROM OPERATIONS IS POSITIVE BUT DUE TO INVESTMENT IN SUBSIDIARY OVERALL NEGATIVE.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
8;IN LAST TWO YEARS COMPANY HAS RAISED BORROWING FOR EXPANSION DUE TO WHICH ENTERPRISE VALUE BECOME HIGH.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
CONCLUSION;
RISK
(1;KEY RISK HOWEVER INDIAN IT IS ON GROWTH PATH BUT DUE TO MANY SUBSIDIARIES BUSINESS COULD FACE RISK IN FUTURE IF ONE OF THEM DID NOT PERFORM WELL.
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
2;COMPANY HAS TO CUT COST ON EMPLOYEE BENEFIT AND OTHER EXPENSES TO MAINTAIN PROFITABILITY.)
πŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈπŸ—―οΈ
MY VIEW IS POSITIVE ON KELLTON TECH CONSIDERING ITS PAST PERFORMANCE AND RETURN ON NET WORTH and CAPITAL.

ONE CAN MAKE INVESTMENT AFTER CONSIDERING THEIR FINANCIAL ADVISOR.
DISCLAIMER :I AM NOT HOLDING KELLTON TECH.