CMP: 15.30 Market Cap: 191.14cr
Tilaknagar was discussed on December 04,2017(Link) .. the logic was the stock had just turned bullish..stock price was: 21.55... 200Day EMA:14.45, 50 Day EMA:16.59
So the golden cross was formed (50 Day EMA (16.59) crossing the 200 Day EMA (14.45) from low to high) ... since then tilaknagar stock has corrected to around 200 Day EMA .. but some interesting developments have happened.
New investors have accumulated the stock.
If you see latest june 2018 shareholding data..
The largest public Shareholder in Tilaknagar on june 30,2018 is:
Aqua Proof Wall Plast Pvt Limited holding: 40,58,530 shares.
In March 30,2018 the largest shareholder in Tilaknagar was:
Aqua Proof Wall Plast Pvt Ltd. holding: 26,09,043 shares.
In Dec 30,2018 there was nobody from Public holding more than 1% shareholding.. which means at the max Aqua Proof Wall Plast Pvt Ltd was holding less than 12,47,5612 shares.
so in past 6 months (Jan 2018 to 30 june 2018) Aqua Proof Wall Plast Pvt Ltd has purchased: close to 30 lakh shares of Tilaknagar from the open market..
If we dig deeper.. we find that one of the directors of Aqua Proof Wall Plast is also a director in Anand Rathi Securities.
Also Anand Rathi Securities has given loan to tilaknagar promoters (loan against shares) shares pledged is: 5,00,00,000(5 cr shares)
===============
In March 2018 results .. balance sheet statement show that tilaknagar has some 66-67cr in cash in hand...
further digging shows that Tilaknagar of 15 May 2018 paid and closed(paid back all dues) .. a loan from Edelweiss Asset reconstruction company..worth 65 cr..
if we piece all the parts together..
1. company has been reporting losses but on march 2018 balance sheet.. tilaknagar had some 66-67cr in cash..
2. On May 15,2018 tilaknagar pays off some 65cr of loan(closes the loan: Date of Satisfaction)
3. we see Aqua Proof Wall Plast aggressively buying into tilaknagar stock.. (40 lakh shares in 6 months..)
4. we also see tilaknagar issuing stock options to top management @ rs13/- per share..
If we take all these pieces together ... I'm certain.. Tilaknagar has turned the tide... and is on the way to recovery. very rapid purchase of equity by Aqua Proof wall Plast indicates we are about to see some positive announcement which will change the view of the market toward tilaknagar..
I would say its time to back up the truck and load up on tilaknagar..
PN: I am not providing any investment advice.. its a blog of my thought process ... for me to review based on which i take my investment decision.. Please do your own deep dive and consult a SEBI registered investment consultant before investing..
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28 comments:
Excellent article and insight Whatsupji.
Between thilaknagar and manugraph on which would you put your bet on for faster returns as of today?
Difficult question to answer..
But if I have to take a guess.. I would say maybe tilaknagar will double and then take a pause.. while Manugraph could say 5 yrs down the line actually give you higher returns..
more than tilaknagar..
Both are my favourite..
=happy investing
Kudos Prahladji for your Excellent write up on Tilaknagar . Not enjoying but really you have shown how to "Read between line " , which is an Art in itself.
Vakharia MJ
thanks sirji excellent article,was going through tilaknagar ind and found that one of directore of Aqua Proof Wall Plast Private Limited is Vishal Jugal Laddha who is also director of director of anand rathi .
Pl share your opinion on gammon infra life time low & 100% pledged shares
From where to found the charges against any particular comoany, the image that you have shows where we can get that?
In Dec 2108 holding, aqua proof hold 40L and dhruva rana 14L
Hi Team,
This information is very informative and Thanks for sharing...
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