The new week will see the Sensex hovering between 52555 to 50555 and the Nifty between 15444 and 14888.

- Multinational, IFGL Refractories Ltd., a 5 per cent promoter holding, a 107 per cent increase in net profit for the first nine months from April to December 2020, against the expected EPS of Rs 5 for the full year 2020-21 and Rs 2 against the expected book value. P / EA available at only 10.15

(Gujarat News Correspondent) Mumbai, Saturday

With the success of the Corona outbreak, efforts by various countries to get the global economy back on track are beginning to pay off, with recent reports that the Corona virus is spreading in a new form, raising concerns around the world. Global markets are also likely to see a boom in the coming days as corona cases re-emerge, with further development in vaccines so far inevitable and a look at how fast the vaccination program can move forward. Foreign portfolio investors' (FPIs) major buying figures in Indian stocks are now disappearing. Which is a sign of caution. Indian stock markets have seen record-breaking bullishness subside over the past two weeks, but it is still important to be cautious in pursuing the boom, given the manner in which fund-giants are showing deceptive indefinite moves by continuing index management in the market. The market is likely to see an index-based correction of 3 to 4 per cent in the short term. So it is advisable for traders in the market to be very careful and avoid investing in overvalued stocks.

January WPI inflation figures, company results, rupee-dollar value and crude oil price fluctuations

The wholesale inflation figure for the month of January 2021, WPI, will be released next week, following the positive factor of retail inflation for January. Which the markets will keep an eye on. Along with this, the market will keep an eye on the correction over the weekend following the recent upward trend in international crude oil prices over the last few days and the situation with petrol and diesel prices reaching record highs. Along with this, the market will also keep an eye on fluctuations in the value of the US dollar against the rupee. As the corporate results season continues to pick up modest results, Nestle India's quarterly results for February 12 and Ambuja Cement's February 12 results will be released next week. On the international front, it will now look at the US retail sales figures for January, which will be released on February 18. Among these factors, the Sensex is likely to fluctuate between 9 and 203 next week and the Nifty spot between 15 and 18.

Dark Horse: IFGL Refractories Ltd.

BSE (303), NSE (IFGLEXPOR) listed, Rs.10 paid-up, BS EN ISO 9001: 2008 and ISO 14001: 2004 certified, world renowned multinational KROSAKI REFRACTORIES-JAPAN KAROSAKA and KROSAKI. IFGL REFRACTORIES LTD, an Indian multinational company with a 4.5 per cent promoter holding, established in July 1918, is a specialized refractory and requiring company operating for the Aryan and steel industries. The company offers customers a complete solution for refractories for flow control in steel teaming and continuous casting of steel through a staff of trained engineers and application specialists. The company is based in China, Germany, India and the UK. As well as manufacturing facilities in the USA.

Acquisition-merger:

(1) Started Slide Gate Refractories Plant in the year 19. Company Floats Ltd.-U.K. Indo Flogates is a joint venture with USS Engineers & Consultants Inc. U.S. through a wholly owned subsidiary. Flocon Slidegate Systems, developed by Steel Corporation, has a special Indian license. The plant manufactures slide gate systems and refractories with state-of-the-art information from Krosaki Harima Corporation-Japan, a subsidiary of Nippon Steel Corporation.

(5) The company established a continuous casting refractories plant in technical collaboration with Krosaki Harima Corporation-Japan (then known as Harima Ceramics Corporation) and started isostaticly pressed continuous casting refractories.

(3) IFGL acquired Monocon Group in September 2009 with its production facilities Tundish Spraying Mass, Refractory Darts, Monolithic Lenses, Robotics for EAF, Laddle and Tundish Lining Maintenance, ENTHANITE.

(4) Goricon Metallurgical Services Limited, Wales (UK) and Goricon LLC, Ohio (USA) were acquired by Monocon Group in December 2006. Which is engaged in manufacturing of darts, lenses, ladle powders etc. used by the steel industry.

(2) In July 2006, Hoffman Group acquired manufacturing facilities for foundry ceramics-casting filters, feeders, SIC chill plates, poring system and monoblock stopper, high grade fire proof refractory shapes, drawing tools and drills.

(3) In September 2010, ILGL acquired EL Ceramics LLC and CUSC International Limited (CUSC), both Cincinnati, Ohio-based companies that isostatically pressed continuous casting refractories.

(2) IFGL to its subsidiary IFGL Exports Ltd. which was engaged in the manufacturing of Continuous Casting Refractories at Kandla Special Economic Zone-Gujarat with effect from 1st April, 2013 by its NCLT-Kolkata Bench. Subsequently, the name of IFGL Exports Limited was changed to IFGL Refractories Limited from October 3, 2016.

India has long had strong prospects for the domestic steel industry. India is currently the second largest steel producer in the world, surpassing Japan. In the year 2020, the production capacity of India is set at the target of 2000 lakh tonnes in the National Steel Policy-2016. Strong recovery in all sectors is expected especially in the steel real estate and auto sector. The per capita consumption of steel in India is only 3 kg, while the global average is 215 kg and the Chinese consumption is 5 kg. According to the National Steel Policy, per capita steel consumption in India is expected to increase to 150 kg. The economic recovery with stimulus by the government is expected to increase demand in the coming years. There are huge opportunities in this field with the mission of a self-reliant India. No global tenders can be called for projects less than Rs 200 crore, which is expected to benefit. The government has recently given production linked incentive scheme to 10 sectors, including specialty steel. The predominant raw materials for the manufacture of refractories are silicon, aluminum, magnesium, calcium and zirconium and some non-oxide refractories use alumina, carbides, nitrides, borides, silicates and graphite.

Capital Expenditure:

IFGL has incurred a capital expenditure of Rs 10 crore at the Odisha plant for normal capital expenditure and debotlining. IFGL, after completing the first phase of expansion for the Kandla plant in FY20, is now spending an additional Rs 10 crore. Produces monolithic and precast shapes. The Visakhapatnam project will acquire 10 acres of land and manufacture new products including monolithics and precast shapes, with the first phase expected to be completed in the fourth quarter of FY 2021 at a cost of Rs 20 crore. The second phase is expected to be completed in FY 207 at a cost of Rs 50 crore.

Share holding pattern:

Promoters Bharatiya Bajoria Family owns 7.5 per cent and Krosaki Harima Corporation-Japan holds 12.51 per cent, holding 7.5 per cent, mutual funds hold 12.5 per cent, HDFC Small Cap Fund holds 3.91 per cent, L&T Mutual Fund holds The DSP Small Cap Fund holds 1.4 per cent, the Investor Education and Protection Fund Authority of the Ministry of Corporate Affairs holds 1.4 per cent and individual shareholders up to Rs 2 lakh have a holding of 4.5 per cent.

Book value:

Rs 4 for March 2020, Rs 3 for expected March 2021

Financial Outcome:

(1) Full year April 2012 to March 2020:

Net sales of Rs. 5 crore after extraordinary items and pre-tax profit of Rs. 20.5 crore. Net profit of Rs. 12.5 crore (Rs. 20.21 crore after extraordinary exceptional items and Rs. 10.5 crore after tax) Earnings per share - EPS of Rs.

(2) First quarter April 2020 to June 2020:

Net sales rose by 20 per cent to Rs 206.50 crore, its pre-tax profit rose 101 per cent to Rs 19.50 crore and net profit rose 103 per cent to Rs 10.50 crore, earning Rs 2.50 per share.

(2) Second Quarter July 2020 to September 2020:

Net sales rose 5 per cent to Rs 2.50 crore, pre-tax profit rose 106 per cent to Rs 2.10 crore and net profit rose 3 per cent to Rs 20.50 crore, earning Rs 2.50 per share. Is.

(3) Third quarter October 2020 to December 2020:

Net sales rose 5 per cent to Rs 2.8 crore, pre-tax profit rose 5 per cent to Rs 2.50 crore and net profit rose 214 per cent to Rs 2.8 crore, earning Rs 10.8 crore per share.

(2) The first nine months from April 2020 to December 2020:

Net sales rose to Rs 2.71 crore, pre-tax profit rose 110 per cent to Rs 3 crore and net profit rose 104 per cent to Rs 2.11 crore, earning Rs 19.50 per share in the first nine months.

(4) Expected fourth quarter January 2020 to March 2021:

Expected net sales at Rs 2 crore, pre-tax profit of Rs 3.50 crore through GPM of 12.5 per cent and net profit of NPM at Rs 4.05 crore, expected by Rs 6.5 per share at Rs 4.5 per share. .

(2) Expected full year April 2020 to March 2021:

The full-year earnings per share is expected to be Rs 3.06 crore with an expected net sales of Rs 104 crore and an expected net profit of Rs 2.31 crore.

(2) Valuation B:

The company is getting P / E of 12 in a row against the average P / E of 8 in the refractories industry. Thus, if we calculate the P / E of 12 as per the expected earnings per share of Rs. 6, the market price can go up to Rs.

Thus, (1) an Indian multinational company holding 7.5 per cent promoters (2) China, Germany, India and the UK. Also one of the leading companies manufacturing manufacturing refractories and requisite operating systems for the Aryan and steel industries with manufacturing facilities in the USA (1) The first nine months from April 2030 to December 2030. 11 crore by registering earnings per share in the first nine months of the year. (2) For the full year April 2020 to March 2021, the expected earnings per share was Rs. 4.05 and the expected book value was Rs. P / EA of 10.15 is available below the expected book value at Rs.

Manoj Shah: Research Analyst (SEBI REG. NO. INH000000107)

The author is a SEBI registered research analyst: Disclosure cum (readers should take special note) Warning: (1) The author has no investment in the shares of the above companies. (2) Our resources for researchers may be of direct or indirect interest to brokers, promoter views, personal research analysts, portfolio management or their team. (3) Maintaining a 50% stop loss from the Reachers price, in particular, is advice and warning. (2) Valuation H, BB, BBB, Top Gainers These are all possibilities, so don't invest temptingly. (2) Generally, out of every 10 scrips, 4 scrips are true and 4-5 scrips are false. This type of research is excellent. (2) Feedback E-mail: All the above points also apply to the answers given in arjuneyems@gmail.com. (2) The reader class, the investor class to take their personal decisions at personal risk. The writer, editor and anyone else of Gujarat Samachar will not be responsible for your loss. So invest by recognizing the risk of the stock market.