Rechercher dans ce blog

Monday, June 14, 2021

Subscribe to Shyam Metalics and Energy: KR Choksey - Moneycontrol.com

KR Choksey has come out with its report on Shyam Metalics and Energy. The research firm has recommended to ''Subscribe'' the ipo in its research report as on June 11, 2021.

Broker Research

June 14, 2021 / 11:22 AM IST

IPO | Representative image

IPO | Representative image

KR Choksey IPO report on Shyam Metalics and Energy

Shyam Metalics And Energy Limited (erstwhile Shyam DRI Power Limited) is an integrated metal company based out of Kolkata, West Bengal. It produces long steel (finished steel) and ferro alloys (raw material for finished steel), which include products such as pellets, TMT bars, structured products, wire rods and pipes, since 2005. The company is promoted by Mahabir Prasad Agarwal, Brij Bhushan Agarwal, Sanjay Kumar Agarwal, Shubham Capital Private Limited, Subham Buildwell Private Limited, Narantak Dealcomm Limited, Kalpataru Housefin & Trading Private Limited, Dorite Tracton Private Limited, and Toplight Mercantiles Private Limited. The company owns and operates 3 manufacturing plants at Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal with an aggregate installed capacity to produce 5.71 MTPA of metal. The company also has a captive power plant with an aggregate capacity to produce 227 MW of power. The company exports to Nepal, Bhutan, Bangladesh, China, Japan and Dubai. The company generated 11% of revenue from exports in 9MFY21.

Valuation and Outlook

Also, it has been in the process of introducing additional streams of revenue such as aluminum foil rolling mill and ductile iron pipes, thereby, it has been forward integrating incrementally, as well. We believe the company can benefit from secular positive trend for recovery in demand for iron and steel sector post lessening of severity of pandemic. Hence, we recommend “SUBSCRIBE” to the IPO.

For all IPO stories, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research

Adblock test (Why?)


Subscribe to Shyam Metalics and Energy: KR Choksey - Moneycontrol.com
Read More

No comments:

Post a Comment

Govt’s fiscal consolidation plan to aid private sector, boost capex revival - Moneycontrol

Finance Minister Nirmala Sitharaman The 2024 Interim budget is based on the robust framework of “Viksit Bharat by 2047.” Driving this gr...