Manish Lalwani @manishlalwani9 Twitter profile

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Manish Lalwani

21 days

I like to document my research when I like a share and buy sizable chunk. Majorly look at #microcaps & #smallcaps . Here's a thread of all the scripts I have covered till date. Will continue to update with future conviction buys. Bookmark to keep handy! DYDD. No buy sell reco.

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Manish Lalwani

@manishlalwani9

1 month

#JNKIndia #StocksInFocus #IPO #Mainboard #newlisting #stocks JNK India got listed today at market cap ~3420 cr raising 650 Cr from market. Here is why I find it an interesting play and have a position thru IPO: Note – Invested & Biased. Just our study notes, please DYDD (1/n)

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Manish Lalwani

@manishlalwani9

14 days

#ABSMarine #stocksinfocus #SME ABS Marine services; company engaged in ship management, vessel ownership & all ancillary marine services got listed on BSE at a market cap of ~720 cr raising ~96 Cr from the market. Here is why I find it an interesting play & have made a position:

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Manish Lalwani

@manishlalwani9

2 months

#Creativegraphics #stocksinfocus #SME #IPOlisting #microcap Creative graphics solutions India pvt. ltd. from Print-Tech space got listed on BSE emerge at a market cap of ~420 cr raising 54.4 Cr from the market. Here is why I find it an interesting play.

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Manish Lalwani

@manishlalwani9

2 months

#TrustFintech #Stocksinfocus #SME Trustfintech from Banking SAAS space got listed on NSE Emerge today at market cap of ~340 Cr raising ~60 Cr from the primary market. Here is why I find it an interesting play (1/n)

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Manish Lalwani

@manishlalwani9

27 days

#Racks &Rollers #Storagetechnologies #stocksinfocus #SME Storage technologies & automation limited; a company engaged in warehousing storage racking system got listed on BSE emerge at market cap of ~190 cr raising ~30 Cr from market. I find it an interesting play. Here's why (1/n)

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Manish Lalwani

@manishlalwani9

1 month

Finding & sticking with #Atmastco has been a joy ride key to building conviction - Promoter pre-ipo video (Search on YT) - Clear market gap of fabrication projects of 100 to 1000 cr - Present in Bhilai near raw material - Venturing into margin accretive EPC - Defense subsidiary

Manish Lalwani

@manishlalwani9

3 months

Bahut dur tak pohch gaye??

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Manish Lalwani

@manishlalwani9

1 month

@ChintanParikh10 @sjain_13 @AI_Feb21 @Alchemist1320 @VTGCapital @navinmahtani Completely agree with @ChintanParikh10 Rephrasing Parag Parikh sir- if I am expecting 50% returns from a stock in one year & thanks to market It gives me 50% returns in just 1 month, then it’s better to book instead of satisfying my ego being long term investor. Quote below:

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Manish Lalwani

@manishlalwani9

1 month

Reminder to self: Unrealized gains are all markets, unrealized losses are all mine... Only and only realized gains matter!! #stocks #markets #musings Don't know even 0.0001% yet.

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Manish Lalwani

@manishlalwani9

1 month

#JNKindia #IPO #StocksInFocus God's been kind with allotment. Buying done already! Now sit tight. Not in a hurry to sell this gem. Why i like it - Entry Barrier Market Leadership Experienced promoter Inistitutions interested @ 37 PE basis FY24 but 'Growth at right price' play

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Manish Lalwani

@manishlalwani9

25 days

Lucky to be allotted a lot in #Indegene ipo. Will probably not sell in a hurry. My reasoning: - Digital led commercialization for Life sciences companies - Virtual monopoly and consistent growth in numbers - proxy to the pharma sector - Huge QIB interest #investing #IPO

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Manish Lalwani

@manishlalwani9

11 days

#Cgraphics #H224Results #SME #Stocksinfocus CG released its H2’24 results along with an investor presentation today. First look – Doesn't look good & results leave more open questions then gives answers. Here is my naïve read. Please correct me if I am seeing something wrong:

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Manish Lalwani

@manishlalwani9

27 days

Distillation Column, used in Chemical process industries like oil refineries being transported. This is used to separate and purify different fractions from crude oil. #JNKIndia manufactures these and assembles at client site #WhatILearnedToday #StockMarketindia #ipo

Science girl

@gunsnrosesgirl3

29 days

Can you explain what this is?

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Manish Lalwani

@manishlalwani9

1 month

@Tanmay_31_ 11 lakh ka lot hai ek... Ismain mera ghar chala jayega!! 😃😃😃

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Manish Lalwani

@manishlalwani9

1 month

@Noorulipo Market toh Noorul bhai hi samjhe hai... Baki hum sab toh koshish kar rhe hai :) Many congrats and best wishes bhai!

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Manish Lalwani

@manishlalwani9

16 days

#Piotex #sme #ipo Allotted a lot! Didn't track earlier but good to see the upward movement. Let's see how long the momentum lasts. Will follow price action and probably try and take an exit when it turns negative.

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Manish Lalwani

@manishlalwani9

1 month

@ChintanParikh10 @maloo_vikas I don't think there is any correlation between parent korea and India Unit. Korea unit has 3% PAT and inconsistent revenue while India has strong growth and a good margin profile. For me, Korean technical prowess + Indian labour arbitrage = Margin accretive high growth business

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Manish Lalwani

@manishlalwani9

1 month

Trust fintech. Circuit open. Good opportunity to buy if you think they can replicate their success in US/Canada and add on to the 1 client secured. That is the key! Looking forward to the results. DYDD!

Manish Lalwani

@manishlalwani9

2 months

#TrustFintech #Stocksinfocus #SME Trustfintech from Banking SAAS space got listed on NSE Emerge today at market cap of ~340 Cr raising ~60 Cr from the primary market. Here is why I find it an interesting play (1/n)

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Manish Lalwani

@manishlalwani9

1 month

Corporate governance at #Basilicfly #governance #earnings #H2results Results out on Tuesday evening after market.. bad performance, QoQ PAT degrowth because of high employee expenses. Stock hits LC today (20%) when market opened (1/3)

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Manish Lalwani

@manishlalwani9

1 month

Someone smart once said - sell your mistakes in a bull market and buy your regrets in a bear market. Can't agree more. #StockMarket #StocksInFocus #SME

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Manish Lalwani

@manishlalwani9

17 days

Aggressive bets with a patient mindset ! Hope this works 😄

Joy of Compounding

@joyofcompoundin

18 days

Approximately 90% of your lifetime investment returns are determined by your behaviour.

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Manish Lalwani

@manishlalwani9

10 days

@Noorulipo @ask_sandesh Agreed Noorul and Sandesh bhai regarding not jumping the gun, but need to call a spade a spade!! Plus sawaall karna haqq hai. Selling aati nahi mujhe toh isliye pakde toh hue hai lekin sawaal toh bante hai 😄

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Manish Lalwani

@manishlalwani9

13 days

Me after seeing ABS Marine hit LC's every day 😄😄😄

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Manish Lalwani

@manishlalwani9

1 month

Subsidiary – JNK Renewables,hidden advantage, has been expanding into green hydrogen. Company is making India’s first onsite green H2 generation cum dispensing green H2 plant from CBG (compressed biogas) for Indian oil corporation at Faridabad, to start next month (12/n)

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Manish Lalwani

@manishlalwani9

14 days

@Jainamsoni611 Please note this isin't a buy or sell recommendation and these our notes made along with @ask_sandesh , @inv_vin8 and @rohiitian while reading about the company. Thankyou boys :) I might be biased in my view and hence, please DYDD and don't consider this as any buy/sell reco.

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Manish Lalwani

@manishlalwani9

1 month

1.5L shares worth 17 Lakhs allotted in VI FPO... Let's go. Now hoping it lists well. Although it seems the counter will be under pressure today and tomorrow. #Idea #FPO #VodafoneIdeaFPO #VodafoneIdea #StocksInFocus

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Manish Lalwani

@manishlalwani9

28 days

@microbetsindia @Alchemist1320 Roz utho, share bid karo, pura din share ko UC pe dekho, 3:30 baje order reject ki notification dekho, so jao 😀😀😀 Life of an sme buoy!!!

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Manish Lalwani

@manishlalwani9

3 months

Clean promoter is the key to long term wealth. He who can cheat for you, will not think twice when it comes to cheating from you!

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Manish Lalwani

@manishlalwani9

24 days

Jim Simons's five principles: - Be guided by beauty - Surround yourself with the smartest and best people you possibly can - Do something original. Don’t run with the pack - Don’t give up easily. Stick with it - Hope for good luck Goat! 🐐

Frederik Christopher Gieschen

@NeckarValue

25 days

Jim Simons's five principles (RIP): “Be guided by beauty. Just as a great theorem can be very beautiful, a company that’s really working very well, very efficiently, that can be beautiful. Surround yourself with the smartest and best people you possibly can. Let them do their

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Manish Lalwani

@manishlalwani9

26 days

Reminder to self: Always have a thesis, let it play, monitor any new developments sharply. My mentor often says - If you don't know why you made money in the markets, it's not your money, it's the market's. You are just a temporary custodian. #marketmusings #investing

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Manish Lalwani

@manishlalwani9

1 month

Now Co. has started qualifying so, direct projects to increase. Further, agreement with parent Korean - Indian projects done by Indian entity, global projects outside Korea by Korean entity,then subcontracted. So, a Korean technology prowess + Indian Labor arbitrage play. (7/n)

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Manish Lalwani

@manishlalwani9

14 days

@Jainamsoni611 Coming to institutions, the company has had a very good anchor book. HDFC bank & India equity fund are two solid funds. Further, there is significant institutions demand as well during QIB. ICiCi bank and Federal bank participate as well in QIB. (12/n)

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Manish Lalwani

@manishlalwani9

11 days

End of rant. I might still not do anything in the short term with the script as I don't sell my stocks well :| but this is a disappointing result and I don't see a concrete plan to growth after IPO yet. Hoping company can release some guidance for bottom line as well.

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Manish Lalwani

@manishlalwani9

1 month

Please note I have shares allotted thru IPO & also wanted to make further position today but seeing the listing pop held on to the idea. Hence, I can be biased in my analysis. This is not a recommendation for buy / sell. Please do your own research & due diligence (15/n)

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Manish Lalwani

@manishlalwani9

25 days

2 good companies, 2 good years and a sizable allocation. Without third, first two is just a brilliant opportunity missed #learntithardway

(vineeth)

@inv_vin8

25 days

@ishmohit1 Need only ‘few’ big winners. I keep telling myself the same. 2 great companies, 2 good years is all you need in markets. రూపు రేఖలు మార్చడానికి “To change your fortunes”

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Manish Lalwani

@manishlalwani9

1 month

JNK India is in the heating equipment business thru the value chain i.e., thermal designing, manufacturing, installation, engineering, and commissioning of furnaces used at the beginning of any process industries such as oil & gas industries, petrochemical & fertilizer. (2/n)

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Manish Lalwani

@manishlalwani9

1 month

In the current #CGissues environment for Basilicfly....

Manish Lalwani

@manishlalwani9

3 months

Clean promoter is the key to long term wealth. He who can cheat for you, will not think twice when it comes to cheating from you!

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Manish Lalwani

@manishlalwani9

2 months

#Teerth #TGL #stocksinfocus #SME TGL (Teerth Gopicon Limited) got listed in the market on 16th April at ~150 cr Mcap raising ~44 Cr. It has been making all the right noise on X regarding it's huge open order book (~1100 Cr) but I am avoiding making any position. Here's why:

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Manish Lalwani

@manishlalwani9

2 months

Several reputed Pre IPO investors including Nitin Gupte, MD at NSDL data management limited, Tejas Goenka, MD of Tally Solutions, Nitin Sathawane, Head of business Mphasis etc (9/n)

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Manish Lalwani

@manishlalwani9

2 months

Comprehensive list of all 2023 ipo's with comments on each.. @RajStockWatch Thanks for being so detailed with your reviews. Very helpful!

RajStockWatch

@RajStockWatch

2 months

Out of 179 SME IPOs listed in Calendar Year 2023, 53(30%) are quoting BELOW IPO price as on 16.04.24! Many more are just above the neck! After the upcoming results, some more may Drown! Textile, Chem/Pharma, IT, Logistics, Real Estate have most failures. (list in images below)

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Manish Lalwani

@manishlalwani9

1 month

Highlight Indian company had 54% of FY23 revenue from JNK Global (parent) could be cause of concern. Company says they couldn’t qualify for projects tenders until recently due to size, experience, and past track record and hence projects came via JNK Korea (subcontracted) (6/n)

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Manish Lalwani

@manishlalwani9

24 days

Heard a new metric being liberally used on the streets in these #bullmarkets : market cap to order book ratio. Mind blown! Go back & study past order book stories, how many times it has just stayed an order Book. That’s the fear especially if a lot of them are government orders

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Manish Lalwani

@manishlalwani9

26 days

#StocksToWatch #QIB Bank of America (BofA) securities Europe has bought 1.25 lakh shares of #Emmforce today They also hold 3.07 lakh shares through anchor investment totalling to 4.32 Lakh shares bringing up their ownership in the company to ~2.1% worth ~11 Cr basis cmp

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Manish Lalwani

@manishlalwani9

1 month

These are our notes made along with @ask_sandesh , @inv_vin8 and @karmkarmkumar1 while researching the company. Thanks boys for being the absolute best... 🚀🚀🚀 (16/n) Sorry about the length of the post. Brevity not my best skill :P

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Manish Lalwani

@manishlalwani9

2 months

@Alchemist1320 Thank you so much sir! Means a lot coming from you. Have a lot to learn from your experience. Had loved your chat on @AI_Feb21 's podcast : 5 types of sme's - human cap, working capital, capex, product, B2G. Simple yet powerful framework to analyse SME's.

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Manish Lalwani

@manishlalwani9

1 month

In our kitchen when food is made, raw material is heated. Similarly, any process industry, raw material (crude oil) heated from 400 to 800 deg; needs giant furnaces (height ~80 meters/20-story) JNK makes these furnaces in parts at its site, assembles at client (3/n) furnace pic

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Manish Lalwani

@manishlalwani9

14 days

#Absmarine

Manish Lalwani

@manishlalwani9

14 days

#ABSMarine #stocksinfocus #SME ABS Marine services; company engaged in ship management, vessel ownership & all ancillary marine services got listed on BSE at a market cap of ~720 cr raising ~96 Cr from the market. Here is why I find it an interesting play & have made a position:

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Manish Lalwani

@manishlalwani9

13 days

@TotheMoonBull Hahaha! Cc - @inv_vin8 @rohiitian @ask_sandesh

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Manish Lalwani

@manishlalwani9

1 month

The thread is a hidden gem. Very good framework to analyse any small company. I don't agree on the 40 to 60 age part but that is the beauty of investing, we don't need to agree on everything as long as we agree on the groundrules of how we will disagree 😁😁

kanpuria

@kanpuria_amit

3 months

Micro cap : Size of the opportunity Promoters background Promoters age (40 to 60) Understanding Business Business valuations Stock scarcity Sector Tailwind Parasite Business or Organic growth

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Manish Lalwani

@manishlalwani9

1 month

Financials. Co. has healthy topline and bottom-line growth. 9M’24 topline might show slight degrowth at 256 Cr but large chunk of revenue (40 to 50%) gets booked in Q4 as companies clean books for the year and promoter hinted at a very good growth for FY24 (think ~500 Cr) (8/n)

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Manish Lalwani

@manishlalwani9

1 month

company had solid response from institutions & subscribed 75x in QIB. Typically, QIBs love high growth niche segment expertise companies with stronger entry barriers and can have further interest at right valuation. The anchor list for IPO is also good for small size IPO (13/n)

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Manish Lalwani

@manishlalwani9

2 months

IPO proceeds to be used for increasing office space from 300 to 600 employees. Already bought land and will construct an office there. Temporarily, move into a rented space but according to promoter, 22 months of rent will cover the building cost. So cost beneficial. (11/n)

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Manish Lalwani

@manishlalwani9

1 month

Market share – Basis FY 2023 orders in India, the company enjoys 27% market share in India and about 2 to 3% market share across globe in the segment valued at around ~USD 8Bn per year and hence, has a lot of headroom to grow. (6/n)

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Manish Lalwani

@manishlalwani9

20 days

Of all the unimportant things in life, football is the most important... Last home game of the season. Let's finish strong! #GGMU #manchesterUnited #Leggo

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Manish Lalwani

@manishlalwani9

1 month

To conclude, co. solid play with 70% rev CAGR over 3 years, significant market share & management capability. Also, Korean technical prowess + Indian labor arbitrage = Margin accretive high growth business. Cherry on cake - green H2 play. If that picks up, expect momentum (14/n)

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Manish Lalwani

@manishlalwani9

3 months

@xvi_harley Hey naive question But if the company is going from 50 to 5000 cr, shouldn't the cagr show that picture? Small cap remains small cap cagr is 7% So, only a few perform big while mostly lag. No? I feel that is why stock selection is even more important in small caps. Thoughts?

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Manish Lalwani

@manishlalwani9

2 months

At 175 listing price, PE basis annualized FY’24 earnings is ~28. Promoter guidance FY25 revenue Rs. 350 cr, PAT margin stabilizing at ~10% so forward PE of ~12 hence, has 25-40% growth left but considering execution risk I feel the company is correctly valued by the market.(11/n)

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Manish Lalwani

@manishlalwani9

1 month

@ask_sandesh @inv_vin8 @karmkarmkumar1 Also, please retweet / share / follow if you like the content and help reach a larger audience. And also, please share your views / contra points. They are very helpful.

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Manish Lalwani

@manishlalwani9

2 months

Inox India 🚀🚀 #invested and biased !

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Manish Lalwani

@manishlalwani9

21 days

Scrolling through Berkshire's old letters this peaked my interest. Relevant in current markets! At dips, Investors gain, Disinvestors lose. Powerful! If OG talks about why I should be happy when equity prices fall (as I will be a net buyer for the next 15 years,) I listen 😎

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Manish Lalwani

@manishlalwani9

1 month

JNK India associate company of JNK Heaters (South Korean listed), holds 26% prior to IPO. Other promoter group - Mascot Capital, Goutam Rampally, Dipak Bharuka & Milind Joshi. promoter group is experienced with 20+ years in industry and IIT Bombay/Roorkee background. (4/n)

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Manish Lalwani

@manishlalwani9

27 days

The company worked on warehousing solutions for a large 13 storey building height warehouse for HUL in Rural UP (Sumerpur) in 2022. It is the highest indigenous warehouse built in India which was inaugurated by HUL global CEO and CM of UP. (7/n)

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Manish Lalwani

@manishlalwani9

1 month

This green hydrogen would fuel electric buses in Delhi soon which are already ordered by IOCL. So, the TAM in this segment seems to be insanely large if this clicks. The company is also trying to diversify to solar EPC. Who isin't? :P (12/n)

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Manish Lalwani

@manishlalwani9

1 month

Crude industry a good proxy for heating furnaces, Stable industry installed refinery capacity grown at meagre 1% CAGR from 2011 to 21 (95 to 102 million barrels/day) Demand increased a lot more in developing countries & closer home. India refining capacity to double by 2030 (5/n)

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Manish Lalwani

@manishlalwani9

1 month

The kicker - Digital signature on updated document is yesterday evening 5 PM! So, correct result kal bana diya tha, post aaj market chalu hone ke 2 ghante baad aaj. I work in financial planning & analysis for an MNC. We have multiple reviews of results. They didn't have 1? (3/3)

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Manish Lalwani

@manishlalwani9

27 days

In summary, good promoters with track record building an organized company in fragmented and growing industry which has massive tail winds. Interesting to see. I have a token lot as investment in it. Not sure if I will hold, probably not but added company to the watchlist. (15/n)

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Manish Lalwani

@manishlalwani9

16 days

OG agrees :) CC - @inv_vin8

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Manish Lalwani

@manishlalwani9

10 days

Top quality work on why #ABSMarine should do well by @inv_vin8 I am invested so this is music to my ears. Dydd before taking any position!

(vineeth)

@inv_vin8

10 days

Good summary on the quantitatives I'll share what my base triggers were (mostly in pics) Primary scuttlebut after reading rhp, financials,promoter interviews was a re-watch of Indiaenergyweek videos and ONGC concalls

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Manish Lalwani

@manishlalwani9

3 months

@shankarnath @deepakshenoy @contrarianEPS Very valid pointer. The definition to qualify as a mid cap has changed (10x bigger) compared to 2018. My stats professor would often say: if you torture the data enough, you can see your mother's face in it!

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Manish Lalwani

@manishlalwani9

14 days

Shipping in sharp focus for govt & implemented measures such as Sagarmala, Bharatmala, PM gati shakti to reduce logistics cost. Clearance to paperless systems, faceless customs assessments, e-way bill provisions has helped. Small ports number also increased exponentially (2/n)

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Manish Lalwani

@manishlalwani9

27 days

Racks & Rollers is an organized player in an extremely fragmented & unorganised storage racking systems fabrication. To understand storage racking, need to understand warehousing industry which evolved rapidly after GST reforms with consolidating of small warehouses. (2/n)

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Manish Lalwani

@manishlalwani9

23 days

जब की मेरा हर एक दिन है तेरी वजह से माँ, तो तेरे लिए बस एक दिन क्यों? #MothersDay

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Manish Lalwani

@manishlalwani9

27 days

Anchor lists looks interesting with good names. UK based Belgrave investment (second investment after Exicom), Persistent growth fund (second investment after rocking deals) soft bank opportunities fund participated. Hoping this list would actually act as anchors (14/n)

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Manish Lalwani

@manishlalwani9

2 months

7000 US and 2000 canada credit unions potential targets. Company has started US office & brother of promoter Sanjay (holds 8% equity) managing .He has been in US since 1996 and has worked in software development companies like Fiserv and is now working full time with trust (8/n)

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Manish Lalwani

@manishlalwani9

1 month

Company also enjoys healthy ROE of 56% and ROCE of 57% for FY24. Apportioning FY’24 bottom line, PAT comes to ~61 Cr & FY24 PE multiple at ~37.5 at IPO price (not listing price) might feel slight high but according to me is a very good ‘GRRP (Growth at right price)’ play. (9/n)

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Manish Lalwani

@manishlalwani9

1 month

Glad that markets gave an opportunity to add at ~150 levels in march end and I acted on it. With the help of a very noble friend who was kind enough to help with technicals and charting. Tried his best to teach me about the fib ratio but alas 😜😃

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Manish Lalwani

@manishlalwani9

1 month

Company has shown Thermax and BHEL as competition. lot more diversified then JNK so not true comparable but trading at much higher PE. JNK can enjoy higher margin profile then competition due to in-house thermal designing capability & more optimized Engineering (10/n)

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Manish Lalwani

@manishlalwani9

2 months

InoxCVA 🚀🚀

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Manish Lalwani

@manishlalwani9

16 days

@chiragdashj I would just say that percentage of bad apples in SME would be much higher in SME's than in mainboard. But then returns on finding and sticking with good apples would also be much higher. So, we need to be very selective while selecting a script in sme world.

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Manish Lalwani

@manishlalwani9

1 month

@confusedathar Company manufactures heating equipment for process industries like oil & gas refineries, petrochemical,fertilizer etc. Oligopoly play (just 7 competitors in India with JNK and Thermax major players) Heavy capex with long customer contracts so difficult for new player to enter

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Manish Lalwani

@manishlalwani9

12 days

@kulbhushan_28 100% agree with you regarding having a minimum ipo size for companies below which pre ipo by HNIs should be done to first make them IPO ready There needs to be more formal syndicates like @MSMExdotin who can identify, invest & make companies ipo ready benefiting whole ecosystem

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3

Manish Lalwani

@manishlalwani9

2 months

@BigDream_Trader They are very active. Look at their past bulk deals, holding period in each etc. and you will know :)

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Manish Lalwani

@manishlalwani9

2 months

-Consistent increase in no. of permanent employees in the company. Current headcount of permanent employees at 184 according to PF data. Significant presence on Linkedin. (5/n)

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Manish Lalwani

@manishlalwani9

2 months

Prashant Jain MD & CEO of JSW Energy is an investor in his personal capacity (10/n)

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Manish Lalwani

@manishlalwani9

14 days

@Jainamsoni611 To summarize, I like the company as the shipping industry is doing well with limited supply & chartering rates being revised so, growth in revenue/PAT logical until new supply comes in. Further co. is well diversified across different verticals and has a good promoter team (13/n)

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Manish Lalwani

@manishlalwani9

27 days

Atmastco in the list for defence exports. An SME in the company of giants... Report by Nomura research today.

Manish Lalwani

@manishlalwani9

1 month

Finding & sticking with #Atmastco has been a joy ride key to building conviction - Promoter pre-ipo video (Search on YT) - Clear market gap of fabrication projects of 100 to 1000 cr - Present in Bhilai near raw material - Venturing into margin accretive EPC - Defense subsidiary

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Manish Lalwani

@manishlalwani9

17 days

@_Sandeep09 @Heartlipdin1008 Almost all costs are fixed (fuel, salaries, landing fee, maintenance) while all inventory is perishable & product completely homogeneous, so companies only compete on price. virgin Air CEO put it apt, If you want to be a Billionaire, start with a million & open an airline company

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Manish Lalwani

@manishlalwani9

14 days

@Jainamsoni611 At list price of 294, FY’24 PE of ~28 which I don’t mind giving for a co. of this complexity, repute, & such strong industry tailwinds. But the market doesn’t seem to agree with script in LC. I think free float is large. So, LC’s may continue until some instis find value. (11/n)

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Manish Lalwani

@manishlalwani9

14 days

Hunger finds no fault in food, Momentum finds no fault in script... Issues come to lime light once the music stops, otherwise nobody cares !! Even as a momentum guy, need to make sure we are not entering any 'Tom Dick & Harry' stock just because it is hot !!! Have a thesis.

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Manish Lalwani

@manishlalwani9

2 months

@ask_sandesh Also, sorry about the length because brevity is clearly not my best skill 😁😁😁

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Manish Lalwani

@manishlalwani9

2 months

I have just shared my reasoning and rationale. Please do your own due diligence before making/selling any position. I am writing only my study (5/5)

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Manish Lalwani

@manishlalwani9

21 days

#STAL #Racksandrollers

Manish Lalwani

@manishlalwani9

27 days

#Racks &Rollers #Storagetechnologies #stocksinfocus #SME Storage technologies & automation limited; a company engaged in warehousing storage racking system got listed on BSE emerge at market cap of ~190 cr raising ~30 Cr from market. I find it an interesting play. Here's why (1/n)

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Manish Lalwani

@manishlalwani9

2 months

CG has 2 subsidiaries CG pre media – Artwork, prepress, mock-ups, A/B tests etc for MNC clients : ITC, TATA consumer, Haldiram, Dabur etc. Wahren – Packaging solutions for pharmaceutical industry for production of Alu-Alu Foil, Blister Foil, Tropical Alu-Alu Foil, CR Foil (8/n)

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Manish Lalwani

@manishlalwani9

2 months

Not a recommendation. Please do your own research. This are my notes from pre-ipo meet created in parallel with Sandesh ji (on twitter @ask_sandesh ) Note – I have made a position in the company today and I might be biased. Please do your own due diligence. (12/12)

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Manish Lalwani

@manishlalwani9

27 days

Company was incorporated in 2010, has been working on building a brand, network, and relationships. A cursory look at linkedin, suggested it participates in various conferences, trade shows & exhibitions. Below a clip of one promoter talking about the company, 5 years ago. (5/n)

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Manish Lalwani

@manishlalwani9

2 months

One more concern - high salary of Rs. 1.7 Cr drawn by promoters. Also, HQ of Creative graphics owned by promoter & rented by CG at Rs. 8 Lakhs pm. Note, CG rents building right next rented at ~Rs. 82k pm. So, asset not on company book and rent is 10x inflated to market. (14/n)

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Manish Lalwani

@manishlalwani9

2 months

For ex. – if I look at some of the HNI’s on twitter, there seems to be a clear indication towards holding the script for short term (3/n)

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Manish Lalwani

@manishlalwani9

14 days

@Noorulipo Aisa hi hai bhai ji market... 😄 Here's my 🧵 on ABS and why I like this opportunity

Manish Lalwani

@manishlalwani9

14 days

#ABSMarine #stocksinfocus #SME ABS Marine services; company engaged in ship management, vessel ownership & all ancillary marine services got listed on BSE at a market cap of ~720 cr raising ~96 Cr from the market. Here is why I find it an interesting play & have made a position:

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Manish Lalwani

@manishlalwani9

12 days

@Jainamsoni611 k2 infra maine preopen main leke 12% down main becha hai. Purane dukh yaad aaa jaate hai yeh script dekhke 😂😂

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Manish Lalwani

@manishlalwani9

2 months

CG is one of the virtual oligopolies in pre-press printing industries, engaged in manufacturing of flexographic printing plates. The global industry expected to grow at 8% CAGR with fastest growth coming from India/Asia as they still majorly use the gravure printing process (1/n)

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