BACKGROUND
-Part of 30 years of Shilpi Group founded in the year 2006
-The product range include cables,copper wires,wiring harnesses,cable accessories.
-Catering to Automotive,telecom and consumer durable sectors
-Engaged with E&Y for it's growth plan
POSITIVES
- New Capacities in Aurangabad,bahadurgarh and hosure operational,Revenues will get a substantial boost from these capacities.
-Company has started exports also to south america,africa,middle east and south east asia.
-Launching a initiative in B2C Segment for house wire and switches which will give to revenue boost
-Mobile Penetration is increasing and so is data consumption it will be imperative for telecom companies for solutions to address and capacity issues which is crucial for company's growth
-Vehicular production is increasing every year inturn consumption of domestic components is driven which is a growth opportunity for the company supplying cables
THREATS NEGATIVES
-Slow down in the economy is a major threat since its market is consumer companies driven.
-Ever increasing input costs for wire and cables
-Although promoters have increased their share holding but they have pledged 78% of their shares which can have a negative impact on its share price.
CONCLUSION
Very good at cmp of 50.20 right now for high risk investors only.
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