The share price of Sarthak Metals has come down to Rs 195 and is just 5% over its 52-week low. Sarthak’s share price movement contrasts with the overall market, which is at an all-time high. While there are valid reasons for stock price to have come down, current levels may…
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Sarthak Metal’s core business of supplying certain consumables – cored wires and aluminium flipping coils – for the manufacture of steel continued to suffer headwinds in FY24. For the second year in a row revenue fell, coming down to Rs 305 crore in FY24 as compared to Rs 408 crore…
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CL Educate’s FY24 show that the company is moving in the right direction in both its businesses. In its education business, the main point for investors to focus on is – how are the new business segments of Study Abroad, CUET and Platform services are growing. In FY24, these business…
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DJ Media Print and Logistics Limited, a listed company, is in the niche business of printing and document related services. One of its growing businesses is Document Imaging and Archival Services. As part of this business, DJ Media offers high speed document scanning, and then archival and storage services for…
Read More Sarthak Metals has battled volatile input and metal prices driven by weak Chinese and Global economy in the last 2-3 quarters. Revenues were down 19% y-o-y in Q3 ‘24 to Rs 75 crore due to muted exports in the cored wire segment and uncharacteristic margin squeeze in the aluminium segment….
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Signs of growth are looking positive for both the EdTech business of CL Educate, while the MarTech business focused on internationalization and improvement of margins. MBA entrance exam numbers moved up after several years of stagnation, raising prospects of better growth for CL Educate’s flagship business: CAT entrance tests. H2…
Read More Sarthak Metals has battled volatile input prices driven by weak global economy in the last 2-3 quarters and yet has delivered a resilient performance in the first half of FY23-24. Despite a 33% drop in revenue in H1 FY24 over H1 FY23, the EBITDA margin has stayed in its preferred…
Read More CL Educate revenues were up about 30% in Q1 FY’24, with strong growth in both EdTech and MarTech business. The management has been saying it is focused on delivering strong growth henceforth, the Q1 results show it is walking the talk. Drilling down, EdTech and MarTech registered 33% and 23%…
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Indrayani Biotech Limited (IBL) clocked a strong growth trajectory in FY23 with consolidated revenues of Rs 167 crore, as compared to revenue of Rs 62 crore in FY22. FY23 turned out to be a transformational year, with revenue growth of 171%. EBITDA margins also showed an upward trend. Indrayani reported…
Read More The initial reaction of the market to the Q4 and full year FY23 results of CL Educate (NSE: CLEDUCATE, BSE: 540403) was negative. The stock fell 2% on 11-May-23 to close at Rs 53.15, the Thursday of the last week, the day the results were declared. However, the next day,…
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