Large Rectangle Pattern Breakout seen in Miniratna Govt. Stock

3 Feb

Hello Everyone, I hope you all will be doing good in your life and Trading as well. Guy's i have brought another Government Stock which has given multi year large Rectangle Pattern Breakout. Now a day's Government stocks are in famous to invest for long term, as most of GOVT. owned stocks giving multifolds returns like Railways and defense Sectors stocks. Our stock name is MOIL Ltd and this is primarily engaged in mining of manganese ore and is the largest manganese ore producer in the country. It is a miniratna state-owned company owned by Govt. of India.
The Co. is the largest producer of manganese ore with market share of ~45% in the country with large reserves of manganese ore.
The Co. has produced ~12 lakh tonnes of manganese ore p.a. on average over the last 5 years from FY18 to FY22.
At present, the Co. operates 11 mines, 7 located in the Nagpur and Bhandara districts of Maharashtra and 4 in the Balaghat district of Madhya Pradesh.

Market Cap
₹ 7,229 Cr.
Current Price
₹ 355
High / Low
₹ 370 / 141
Stock P/E
25.5
Book Value
₹ 116
Dividend Yield
1.04 % (Good)
ROCE
14.7 %
ROE
11.0 %
Face Value
₹ 10.0
Industry PE
18.4
Debt
₹ 0.00 Cr. (Positive)
EPS
₹ 13.9
Promoter holding
64.7 %
Intrinsic Value
₹ 215 (Good)
Pledged percentage
0.00 %
EVEBITDA
12.0
Change in Prom Hold
0.00 % (Good)
Profit Var 5Yrs
-10.6 % (Negative)
Sales growth 5Years
0.38 %
Return over 5years
16.6 %
Debt to equity
0.00
Net profit
₹ 283 Cr.
ROE 5Yr
11.5 %
Profit growth
-3.85 % (Negative)

PROS:-

Company is almost debt free.
Company has been maintaining a healthy dividend payout of 53.9%
Debtor days have improved from 51.2 to 39.1 days.

CONS:-

The company has delivered a poor sales growth of 0.38% over past five years.
Company has a low return on equity of 10.9% over last 3 years.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Thankyou.

19 Feb

Nota

Short Term stop loss done, long term Trade still active, with long term stop loss