Friday, December 5, 2014

Simmonds Marshall

SIMMONDS MARSHALL LIMITED was incorporated in 1960 as a Private Limited Company in technical and financial collaboration with Firth Cleveland Fastenings Ltd., U.K. holding 51% of the equity of the company. This shareholding was diluted progressively and the balance of foreign holding was purchased fully by the promoters in 1987. In 1986, the company went public and is now a quoted company on the Stock Exchange.

The company manufactures a range of Specialised Nylon Insert Self Locking Nuts and other Special Fasteners. The company has been augmenting its cold forming capacity and can produce over 500 million nuts per annum in a wide range from M4 to M48 diameter and equivalent imperial sizes. These nuts are manufactured either to American, British, Japanese, ISO or Indian Standards in a variety of thread forms and protective finishes.
The company also has a battery of multi-spindle automatic bar turning centres capable of producing related automotive components as well. The company is fully equipped to supply a wide range of Bolts from our associated companies ranging from M5 to M70.

They usually caters to the Automotive and Industrial sectors and supplies to almost all the major Automobile Manufacturers in India as OE Suppliers. Their client list is very strong. Some of the world's finest companies like General Motors, TATA, Ford, Fiat, Honda, Caterpillar, JCB, Mahindra, Swaraj Mazda, Suzuki, Leyland, Dana, New Holland.

The financials of the company are looking good and there is a lot of scope for the company to grow. The NPM and OPM has increased from previous years which is a good sign and in the recent quarterly result, the NPM increased to very high levels from previous quarters. The quick ratio and current ratio has also improved which reflects the liquidity of the company. The only concern is the increasing debt which is due to expansion activities of the company. The QoQ and YoY results have been constantly good as their client list is also expanding. With a boom expected in Auto industry in India, it has a lot of potential to grow. Please do your own research before investing. I just expressed my views about the stock which may be incorrect also.

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19 comments:

  1. Aditya KumarDecember 6, 2014 at 12:06 AM

    HI
    just went through your blog.. its great ...
    You should discolse your name so that readers get more confidence in you being Anonymous sometimes makes readers mind lil sceptical
    Keep on your good work..
    Aditya K

    ReplyDelete
    Replies
    1. AnonymousDecember 7, 2014 at 9:36 AM

      H Aditya,

      Thanks for your concern, but I prefer to keep it this way only. In my opinion, readers should more focus on the content rather than the person who is speaking. I am just sharing my views.

      Thanks

      Delete
  2. UnknownDecember 11, 2014 at 8:57 AM

    Sir,
    I took camson bio tech last month @160 and today by averaging price came to 144 holding 1600 shares now..Should I did right or will this stock correct some more.Want your valuable advice on this script Sir..
    Regards,
    Raunak.

    ReplyDelete
  3. AnonymousDecember 11, 2014 at 11:50 AM

    Hi Raunak,

    The stock may not outperform now and may go down little further. Wait for now and see the trend how it is performing. It may take time to beyond 160 and may test your patience.
    I didn't found anything attractive about the stock. Don't invest further to average down the price as you may incur more loss so try holding for now and see how the stock is performing in coming sessions.

    Thanks

    ReplyDelete
  4. UnknownDecember 13, 2014 at 8:48 AM

    sir your comments on kilburn engineering chinmoy

    ReplyDelete
    Replies
    1. AnonymousDecember 14, 2014 at 10:02 AM

      Hi Chinmoy,

      It did good in last quarter. Will have to wait for 2-3 quarters to be sure of their performance.

      Thanks

      Delete
  5. UnknownDecember 13, 2014 at 9:43 PM

    Sir I have sanghi industry 3000@61..now it trading at 48...sir pls give your investing advice

    ReplyDelete
    Replies
    1. AnonymousDecember 14, 2014 at 10:05 AM

      Hi Kamal,

      I am not fond of cement industry as such. But you may keep holding as there is good chance of appreciation as infra sector will improve in future so their revenue will definitely increase. Keep holding for now.

      Thanks

      Delete
  6. Salim KhanDecember 14, 2014 at 10:43 AM

    Hi holding huge quantity of SKM Eggs for long term with full conviction however need your views.

    ReplyDelete
    Replies
    1. AnonymousDecember 15, 2014 at 11:03 AM

      Hi Salim,

      Keep holding SKM eggs but it may test your patience. If you are getting profit,, just book partial profit to take out your investment.

      Thanks

      Delete
  7. AnonymousDecember 20, 2014 at 10:54 AM

    Hi,

    I am holding pennar industries (8000), plasticblends(1500), and could wait for 6months. Expecting atleast 40% growth in the share price (infact expecting 20% only on my capital ...as these are down around 20% from the price i have bought based on analysts view and convinced with their view). Bought simmonds marshall a little qty (300)! if the high qty shares may not give 40% profit, then i wanna switch half of those to simmonds marshall! Please provide your valuable suggestion! Thanks, Rkg

    ReplyDelete
    Replies
    1. AnonymousDecember 21, 2014 at 10:28 AM

      Hi,

      Didn't find anything attractive about Pennar industries.
      Plastiblends and Simmonds Marshall is good for long term. I have given you my views.
      Please do your own research and do what your intuition says. Never follow anyone blindly, he/she may be wrong at some point of time.
      As they say, "You never know what would come next in stock market and a women's brain" :)

      Thanks

      Delete
    2. AnonymousDecember 30, 2014 at 3:40 AM

      Thanks for your suggestion! For time being, still i am holding both pennar industries and plasticblends! i will wait for a month and offload pennar industries with gain or loss and swithc to your Jan recommendation :-) And, for now i have bought few more (1700) of simmonds marshall! Once again thanks for your views. Rkg!

      Delete
  8. Salim KhanDecember 22, 2014 at 9:59 AM

    Truly unpredictable .....lol on your last sentence.

    ReplyDelete
  9. rajeshDecember 28, 2014 at 3:36 AM

    sir ,

    your view on indian hume pipe ?

    ReplyDelete
    Replies
    1. AnonymousDecember 30, 2014 at 11:08 PM

      Hi Rajesh,

      It is looking good as of now. Will have to do more research on it.

      Thanks

      Delete
  10. Nirav KariaDecember 29, 2014 at 8:59 AM

    Sir hi. I am new to ur blog found really awesome. Thanks. Sir I am holding huge quantity of prima plastics, nilkamal and skm eggs. Sir kindly provide ur views on all three companys. Thanks

    ReplyDelete
    Replies
    1. AnonymousDecember 30, 2014 at 11:10 PM

      Hi Nirav,

      Thanks for the appreciation. Positive on all three for long term.

      Thanks

      Delete
  11. AnonymousJanuary 25, 2015 at 11:22 AM

    Hi,

    Observed your earlier recommendations! You are doing gr8 job by providing the right stocks with detail information! Keep it up!

    Already I have invested in Simmonds Marshall!

    Will start investing in your upcoming recommendation!

    Thanks,
    Ravi

    ReplyDelete

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