Raghav Wadhwa
Raghav Wadhwa

@raghavwadhwa

19 Tweets 5 reads Feb 02, 2024
⚙️Sector: Castings & Forgings
⚙️16 Micro & Small Cap Companies Thriving in the Casting and Forging Industries.
[A thread....]🧵👇
✍️Kennametal India Ltd:
Co manufactures carbide tools and special-purpose machines for automotive, defense, railways, infrastructure and General engineering segments.
🔹M Cap: ₹5,525 Cr
🔹P/E: 75.4
🔹CMP: ₹2,514
🔹3 Years Sale Growth: 19%
✍️Jayaswal Neco Industries Ltd:
Co is engaged in the manufacturing and supply of billets, rolled products, pig iron & skull, sponge iron, pellet, steel, and Iron & steel castings.
🔹M Cap: ₹4,756 Cr
🔹P/E: 22.2
🔹CMP: ₹49.1
🔹3 Years Sale Growth: 20%
✍️M M Forgings Ltd:
Co is manufacturing steel forgings in raw, semi-machined, and fully machined stages in various grades of carbon, alloy, micro-alloy, and stainless steels.
🔹M Cap: ₹2,248 Cr
🔹P/E: 17.2
🔹CMP: ₹930
🔹3 Years Sale Growth: 25%
✍️Nelcast Ltd:
Company is engaged in the business of manufacturing iron castings, specializing in grey and ductile castings for the M&HCV and tractor industry segments.
🔹M Cap: ₹1,368 Cr
🔹P/E: 34.5
🔹CMP: ₹158
🔹3 Years Sale Growth: 31%
✍️Steelcast Ltd:
Company is engaged in the business of manufacturing Steel and Alloy Steel Castings catering to a host of OEMs for diverse industrial sectors.
🔹M Cap: ₹1,359 Cr
🔹P/E: 17.9
🔹CMP: ₹674
🔹3 Years Sale Growth: 33%
✍️Uni Abex Alloy Products Ltd:
Company manufactures various castings like Bends & Elbow, Tube support & Hangers, Air Injection tubes, Cold cast beams, Catalyst tubes etc.
🔹M Cap: ₹755 Cr
🔹P/E: 21.5
🔹CMP: ₹3,825
🔹3 Years Sale Growth: 17%
✍️Synergy Green Industries Ltd:
India's largest automated fast loop molding line for large castings, specializing in the manufacturing of wind turbine castings and other large precision castings.
🔹M Cap: ₹567 Cr
🔹P/E: 67.4
🔹CMP: ₹404
🔹3 Years Sale Growth: 12%
✍️Kalyani Cast-Tech Ltd:
Co manufactures products such as Bearing housing for electrical loco, MG Coupler Components, Adapters for WDG4 Loco, CI Brake Blocks, etc.
🔹M Cap: ₹ 396 Cr.
🔹P/E: 49.2
🔹CMP: ₹ 551
🔹3 Years Sale Growth: 70%
✍️Hilton Metal Forging Ltd:
Co manufactures stainless-steel forging flanges, allied pipe fitting items, butt weld fittings, railway wheels, gear blanks, and forged crankshafts.
🔹M Cap: ₹273 Cr
🔹P/E: 35.1
🔹CMP: ₹130
🔹3 Years Sale Growth: 1%
✍️Nitin Castings Ltd:
Co is in the business of manufacturing
Alloy Steel Casting in the range of static centrifugal and investment castings.
🔹M Cap: ₹256 Cr
🔹P/E: 25.8
🔹CMP: ₹497
🔹3 Years Sale Growth: 28%
✍️Universal Autofoundry Ltd:
Co is a global manufacturer and exporter specializing in the production of Grey Iron, Ductile Iron, and SG Iron Casting.
🔹M Cap: ₹245 Cr
🔹P/E: 25
🔹CMP: ₹197
🔹3 Years Sale Growth: 39%
✍️Magna Electro Castings Ltd:
Co manufactures and supplies ferrous components worldwide, specializing in Ductile Iron & Gray Iron casting, and offering fully machined components using in-house CNC machining.
🔹M Cap: ₹199 Cr
🔹P/E: 14.2
🔹CMP: ₹470
🔹3 Years Sale Growth: 20%
✍️Samrat Forgings Ltd:
Co specializes in the production of closed die steel forgings and machined components for both Automotive and Non-Automotive sectors.
🔹M Cap: ₹194 Cr
🔹P/E: 43
🔹CMP: ₹389
🔹3 Years Sale Growth: 30%
✍️Bhagwati Autocast Ltd:
Engaged in the manufacturing and sale of CI & SGI Castings, offering a diverse range from 40 kg to 140 kg to cater to automobile and tractor OEMs.
🔹M Cap: ₹161 Cr
🔹P/E: 25.6
🔹CMP: ₹558
🔹3 Years Sale Growth: 15%
✍️Kalyani Forge Ltd:
Co manufactures high-quality, hot-warm and cold-forged , producing precision forging, fully-machined, and sub-assembled products.
🔹M Cap: ₹155 Cr
🔹P/E: 26.4
🔹CMP: ₹430
🔹3 Years Sale Growth: 10%
✍️Pritika Engineering Components Ltd:
Manufactures customized products for tractors, commercial vehicles, and other construction equipment, including End Covers, Cover Sealed Brakes, Hydraulic Lift & more.
🔹M Cap: ₹108 Cr
🔹P/E: 28.2
🔹CMP: ₹82
🔹3 Years Sale Growth: 56%
⚡️Disclaimer: The above data should not be considered as a Buy or Sell recommendation. The analysis has been done for educational and learning purpose only.
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