📌 Timeframe: Weekly
📈 CMP: ₹1,969.50
🧭 Structure:
Stock has retested breakout level of ~₹1,800–1,820 zone and shown strong bullish reversal this week (+7.39%).
Sustaining above ₹1,820 confirms breakout retest success.
Volume confirmation along with rising 5/9/20 EMA stack = strong positional continuation signal.
RSI healthy and rising – not yet overbought.
🔍 Key Levels:
Support: ₹1,810 / ₹1,640
Resistance / Targets:
🎯 T1: ₹2,120
🎯 T2: ₹2,350
🎯 T3: ₹2,600+ (ATH breakout scenario)
📍 Stop Loss (weekly close basis): ₹1,770
📊 Fundamental Highlights:
Market Cap: ₹5,184 Cr (~46% growth Y‑o‑Y)
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Revenue (FY25): ₹2,423 Cr
Net Profit (FY25): ₹205 Cr
P/E Ratio: ~25.6x
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Book Value: ₹394
Dividend Yield: ~1.5% (payout ~39%)
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⚙️ Profitability & Margins
Return on Capital Employed (ROCE): ~27.8%
Return on Equity (ROE): ~21.0%
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Operating Margin stable at ~13% over last 5 quarters
📈 Growth Metrics
5‑year sales CAGR: ~12%
5‑year PAT CAGR: ~22%
1‑year stock CAGR: ~47%
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📚 Balance Sheet Strength
Almost debt-free (borrowings ~₹22 Cr vs equity ~₹1,038 Cr)
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Cash Conversion Cycle (working capital) stable around 30–40 days
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⚠️ Promoter & Shareholding
Promoter stake: ~59% (down from ~66% in FY22)
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Institutional (FII/DII) presence: ~10% (modest)
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🧠 Key Takeaways
Strengths Risks
Healthy profitability (ROCE ~28%, ROE ~21%) Promoter dilution over past years
Strong margin consistency (~13%) Stock trades at premium P/E vs peers
Debt-free balance sheet Exports/OEM dependency may face
Consistent dividend payout (~39%) Commodity/rubber price fluctuations impact
📈 CMP: ₹1,969.50
🧭 Structure:
Stock has retested breakout level of ~₹1,800–1,820 zone and shown strong bullish reversal this week (+7.39%).
Sustaining above ₹1,820 confirms breakout retest success.
Volume confirmation along with rising 5/9/20 EMA stack = strong positional continuation signal.
RSI healthy and rising – not yet overbought.
🔍 Key Levels:
Support: ₹1,810 / ₹1,640
Resistance / Targets:
🎯 T1: ₹2,120
🎯 T2: ₹2,350
🎯 T3: ₹2,600+ (ATH breakout scenario)
📍 Stop Loss (weekly close basis): ₹1,770
📊 Fundamental Highlights:
Market Cap: ₹5,184 Cr (~46% growth Y‑o‑Y)
screener.in
Revenue (FY25): ₹2,423 Cr
Net Profit (FY25): ₹205 Cr
P/E Ratio: ~25.6x
screener.in
Book Value: ₹394
Dividend Yield: ~1.5% (payout ~39%)
screener.in
⚙️ Profitability & Margins
Return on Capital Employed (ROCE): ~27.8%
Return on Equity (ROE): ~21.0%
screener.in
Operating Margin stable at ~13% over last 5 quarters
📈 Growth Metrics
5‑year sales CAGR: ~12%
5‑year PAT CAGR: ~22%
1‑year stock CAGR: ~47%
screener.in
📚 Balance Sheet Strength
Almost debt-free (borrowings ~₹22 Cr vs equity ~₹1,038 Cr)
screener.in
Cash Conversion Cycle (working capital) stable around 30–40 days
screener.in
⚠️ Promoter & Shareholding
Promoter stake: ~59% (down from ~66% in FY22)
screener.in
Institutional (FII/DII) presence: ~10% (modest)
screener.in
🧠 Key Takeaways
Strengths Risks
Healthy profitability (ROCE ~28%, ROE ~21%) Promoter dilution over past years
Strong margin consistency (~13%) Stock trades at premium P/E vs peers
Debt-free balance sheet Exports/OEM dependency may face
Consistent dividend payout (~39%) Commodity/rubber price fluctuations impact
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.