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SKM EGG PROD EXPORT(I) LTDSKM EGG PROD EXPORT(I) LTDSKM EGG PROD EXPORT(I) LTD

SKM EGG PROD EXPORT(I) LTD

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SKMEGGPROD trade ideas

Hidden Multibagger SKM EGG ProductsPrice is taking support near Anchored VWAP, which is at key support level. RSI is showing strong bullish divergence in daily & weekly TF. YoY growth figures will compel you to have it in your portfolio. Good to accumulate around 240-270 levels for the following targets Short term target @ 550 (110% ROI) Medium term target @ 1050 (300% ROI) Mandatory Stoploss below 220 (18% RISK from CMP) Do your own due diligence before taking any action. Peace !! NOTE: If you are enjoying such quality insights, your generosity to follow & boost can do wonders to my years of hard work and won't cost you a dime.
NSE:SKMEGGPRODLong
by Swastik24
SKMEGGPROD Fundamental Quantitative Analysis and Technical LookIntroduction: SKM Egg Products is a company that has been on our radar lately, and for good reason. The company has been showing strong financial performance, and the technical indicators are suggesting that the stock is poised for a breakout. In this blog post, we'll take a closer look at the financial and technical analysis of SKM Egg Products and why we believe it's a strong buy recommendation. Financial Analysis: First, let's take a look at the financial performance of SKM Egg Products. The company has consistently shown strong revenue growth over the past few years, with a compound annual growth rate (CAGR) of 127%. This is a strong indication that the company is doing something right, and that the demand for its products is increasing. In addition to revenue growth, SKM Egg Products has also shown improvement in its profitability. The company's net profit margin has increased in 5 years, which is a significant improvement. This suggests that the company is becoming more efficient in its operations and is able to translate its revenue growth into profit. Another important aspect of SKM Egg Products' financial performance is its dividend payout. The company has consistently paid a dividend to its shareholders, and the payout has been increasing over the years. This is a strong indication that the company is committed to rewarding its shareholders and has a sustainable dividend policy. Technical Analysis: In addition to the strong financial performance, the technical indicators are also suggesting that SKM Egg Products is a buy. The stock has been trading above its 200-day moving average, which is a bullish sign. The moving average convergence divergence (MACD) indicator has also recently crossed above the signal line, which is another bullish signal. The stock's relative strength index (RSI) is also in the positive territory, which suggests that the stock is not overbought and has room to continue moving higher. Additionally, the stock's support and Resistance are expanding, which is a sign that the stock is becoming more volatile and may be preparing for a breakout. Conclusion: Based on the financial and technical analysis, it's clear that SKM Egg Products is a strong buy recommendation. The company's revenue growth, improving profitability, and consistent dividend payout are all positive signs for long-term investors. Additionally, the technical indicators are suggesting that the stock is poised for a breakout, making it a good time to enter a long position.
NSE:SKMEGGPRODLong
by stocktechbot
skm eggSKM EGG PRODUCTS EXPORT SKM Egg Products Export (India) established in 1995 is a part of SKM, which was founded by visionary SKM Mailenandhan, who started his career as a humble general store merchant. Today through the sheer commitment and values of excellence SKM has grown from an Individual to institution. SKM embarked on a new journey of excellence by starting SKM Egg Products as a 100% export oriented unit (EOU) .The modern state-of-the-art processing plant uses the best of the technology and commenced the commercial production in July 1997. The project now employs more than 200 people can process 1.2 million eggs every day and produce a range of albumen powder, yolk powder and whole egg powder for the international market. SKM Egg Products is gearing up for the future with lot more value additions in the products by delivering the best. SKM egg processing plant´s entire construction and machinery installation confirms to EU / USDA regulations.The plant is approved by EIC-EIA as per the Indian Act 'Export of Egg Products Quality Control, Inspection, and Monitoring Rules 1997 Act, based on EU/USDA Guide lines'. SKM egg products is certified for ISO22000, BRC, and HALAL to make quality egg products. The state of the art quality assurance laboratory equipped with sophisticated instruments is ISO 17025 accredited. SKM has the capability to formulate and develop various kinds of egg based mixes for bakeries and mayonnaise applications. Product range of the company includes: SKM offers the complete portfolio of spray dried egg ingredients, variety of egg white powders, egg yolk powder (heat stable) and a range of bakery mixes based on whole egg powder. Egg yolk powder Egg albumen powder Whole egg powder Bakery Mix. Infrastructure 1. Egg products 2. Poultry Farm 3. EC Shed 4. Feed mill The India egg powder market size reached US$ 37.5 Million in 2023 Looking forward, IMARC Group expects the market to reach US$ 56.6 Million by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028. Egg powder is prepared by dehydrating eggs via the spray drying process. Egg powder is currently in high demand in personal care goods, cosmetics, and animal feed and pet food products owing to a high-protein diet. Market Expansion The company has obtained Certificate of Registration from the United States of America (Food and Drug Administration) to promote and market egg products in the US. Focus The co is working to enter into the new markets of Africa, Singapore, etc. It is also working to identify more customers in Nigeria, Russia, Korea, Europe, etc. Key finanical health checkup. 1. Market Cap 597 Cr V/S sales 662 (intresting) 2. Stock P/E 7.88 (one of the lowest PE in the food processing industry) 3. Industry PE 44.5 4. Debt to equity 0.49 5. PEG Ratio 0.06 6. Piotroski score 8.00 7. Graham Number 219 8. ROCE 45.7 % (Hardly to find such companies posting high ROCE of 45.7%) 9. ROE 48.2 % (Hardly find such companies posting high ROE) 10.Company operating margin 19% (only few company maintaining such operating margin) 11.Net profit up from 7 cr to 76 cr (profit which is around 10 times more) 12.EPS jumped from 2.82 to 28.81. (what a jump) 13.Share capital 26 cr 14.Strong reserve of 168 cr 15.Dedt around 96 cr (short term loan 72 cr and long term loan 24 cr) 16.Inventories of 119 cr and trade receiveable 38 cr which will be converted in next finanical year. 17.Cash in hand 53 cr. 18.OCF improved from 2 cr to 60 cr. 19.Debitor imporved from 31 days to 21 days 20.cash conversion improved from 168 days to 102 days 21.Promoter holding 55.56% and FII increased stake from 0.18% to 0.58% 22.public holding 43.85% 23.CARE BBB+; Stable (Triple B Plus; Outlook:Stable)
NSE:SKMEGGPRODLong
by Tradernawab