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Home / Business / In the new week, Sensex will close at 63111 at 63777 and Nifty at 18666 at 18888.

In the new week, Sensex will close at 63111 at 63777 and Nifty at 18666 at 18888.

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In contrast to the weakness in the global markets, Indian stock markets are moving strongly towards historical highs. The US is currently reeling under uncertainty over whether to raise the debt ceiling, prompting caution in global markets, as China’s industrial and economic growth begins to slow again and Germany slips into recession, leading to There has been growing concern about the challenges of inflation to the global economy. re. Inflation in the US over the weekend raised the prospect of another interest rate hike in June. While the Indian economy is growing on a fast growth path amid these uncertainties, challenges and is expected to sustain this growth in the coming years, increasing the investment attractiveness of foreign funds. Investor confidence has soared with corporate results ending in March, with many companies reporting good results. GDP growth data to be announced now, manufacturing, services PMI numbers despite impact of ally, amid positive factors including May sales data from auto companies, bullish if US debt ceiling hike resolved at last minute The feeling of may remain. Next week Sensex may close above 63111 at 61888 support level at 63777 and Nifty spot may close at 18666 at 18888 with 18333 support.

Arjun’s Eye : ISGEC HEAVY ENGINEERING LTD.

BSE (533033), NSE (ISGEC) Listed, Rs.1 Paid-up, ISGEC Heavy Engineering Limited, ISO-9001:2008, ISO 14001-2004, OHSAS 18001:1999, National Board of Boiler and Pressure Vessel-US .A. Certified, CE certified, China safety quality license, 1:2 bonus in 1987 and 1:1 bonus in 1991, thus 85.02 percent of the total equity through two bonus issues Bonus equity, 29 percent of annual revenue from machinery and equipment manufacturing , 58 per cent from engineering., the company derives from procurement and construction sector and 11 per cent from sugar sector (31 per cent of profit from sugar sector).

The company is mainly engaged in Engineering Sector (1) Process Equipments (2) EPC Power Plants (3) Boilers (4) Sugar Plant & Machinery (5) Presses (6) Steel Castings (7) Aryan Castings (8) Contract Manufacturing (8) is engaged in. 9) Liquid Gas Containers & Engineering & Projects Sector (A) Power Projects (B) Oil & Gas (C) Fertilizers (D) Chemicals (E) Steel (F) Cement (G) Sugar Plants & Distilleries (H) Building Material Handling Covering (I) waste water treatment industrial (J) pollution control equipment (K) automobile (L) defense industry, the company has customers in 91 countries. The company has manufacturing plants-facilities at Yamunanagar-Haryana, Ratangarh-Haryana, Bawal-Haryana, Dahej-Gujarat and Muzaffarnagar-Uttar Pradesh in India and overseas facilities at Winder-Canada with an area of ​​over 100 hectares. Company more than 1000 qualified engineers, more than 4500 employees in India, Canada, America. and lives in the Philippines. The company earned revenue of Rs 55.88 crore from the ethanol segment in the third quarter.

Synergy Ventures: ISGEC Hitachi Zosen Ltd.-51% Holding ISGEC and 49% Hitachi Zosen Corporation-Japan (2) ISGEC Titan Metal Fabricators Pvt Ltd-51% Holding and Titan Metal Fabricators-USA. 49 per cent, ISGEC SFW Boilers Pvt Ltd in which ISGEC owns 51 per cent and Amec Foster Wheeler (now Sumitomo SHI FW Energy, OY holds 49 per cent), ISGEC Radikem Enviro Solutions Pvt Ltd owns 51 per cent and Radicem. Italy has a 49 percent stake

Subsidiaries: (1) Saraswati Sugar Mills Ltd. 100% stake (2) ISGEC Coviman Ltd. 100% stake (3) ISGEC Exports Ltd. 100% stake (4) ISGEC Engineering & Projects Ltd. 100% stake (5) Eagle Press & Equipment Co. Ltd.-Canada (6) ISGEC Investment Pvt. Ltd.’s subsidiary Cavite Biofuel Producers Inc. (including a biofuel plant under construction in the Philippines).

List of Major Clients:

Shell, British Petroleum-US, Ford, ABB, Larsen, GE, Tata, Indian Oil Corporation, Alstom, Foster Wheeler-North America, Valeo-France, Exxon Mobil, Maruti Suzuki, Toshiba, Siemens, EIL, Mitsubishi, Toyota, Aditya Birla Group, Mahindra, Reliance Industries, Voith-Canada, Technip-France, Fluor-North America, Sumitomo-Japan, Petrofac-UAE, ThyssenKrupp, BPCL, HPCL, NTPC, Nuvoco, Dalmia India, Godrej, BHEL, Toyo Engineering Are. , RITES, Rail Vikas Nigam.

Shareholding Pattern: Promoter holding 62.43%, Mutual Fund 7.30%, HSBC Small Cap Fund 1.31%, UTI 1.95%, Nippon Life India Trustee 3.88%, Foreign Portfolio Investors 2.43%, Goldman Sachs 1.45% and Individual share holders. 2 lakh is 16.51 percent up to Rs.

Dividend: 200% in 2016, 300% in 2017, 160% in 2018, 200% in 2019, 200% in 2020, 300% in 2021, 200% in 2022

Book Value : (Rs. 1 as paid up)

Rs.288 in Mar 2022 Expected Rs.312 in Mar 2023 Rs.349 expected in Mar 2024

Subsidiary, Debenture-Bond, Mu. INVESTMENT IN FUND AND BANK BALANCE:

The total investment value of the company in subsidiaries as on March 31, 2022 is Rs 169.29 crore. While the total investment value in bonds and debentures and units of mutual funds is Rs 118.71 crore and bank balance is Rs 65.94 crore. This works out to Rs 354 crore in total and is priced at Rs 48 per share.

Financial Results : Consolidated :

(1) Full year April 2021 to March 2022 :

Net income increased to Rs 5512.58 crore as against Rs 5477.30 crore and registered a net profit of Rs 112.97 crore and achieved an earnings per share of Rs 14.80.

(2) First nine months from April 2022 to December 2022:

Net income up 11.45 percent to Rs 4363 crore from Rs 3915.30 crore Net profit up 49 percent to Rs 112.38 crore from Rs 75.80 crore Nine monthly earnings per share up from Rs 9.68 to Rs 15.01. ,

(3) Estimated fourth quarter January to March 2023 :

Quarterly earnings per share is expected at Rs 9.75 crore from net profit of Rs 73 crore on expected net income of Rs 1780 crore.

(4) Expected completion year from April 2022 to March 2023 :

Earnings per share is expected to be Rs 24.70 with estimated net income of Rs 6143 crore and estimated net profit of Rs 185 crore.

(5) Expected full year from April 2023 to March 2024 :

Earnings per share is expected at Rs 37.82 with estimated net income of Rs 6800 crore and net profit of Rs 278 crore.

Thus (1) The author has no investment in the shares of the above company. The authors may have direct or indirect personal vested interests in their research sources. Consult a qualified investment financial advisor before making any investment decision. The author, Gujarat Samachar or any other person will not be responsible for any possible loss on investment. (2) The investment value of the company is Rs.48 per share. (3) Expected full year April 2022 to March 2023 Earnings/EPS per share of Rs 24.70 and expected book value of Rs 312. (4) Expected full year April 2023 to March 2024 Expected Earnings-EPS per share Rs.37.82 and Expected Book Value Rs.349 The scrip currently stands at Rs.511.15 on NSE, BSE (BSE 27, May 2023 closing price). Available at a price of 13.51