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Phoenix Lamps Limited primarily manufactures halogen lamps for the automobile industry. PLL’s customer base ranges from aftermarket buyers to original equipment manufacturers (OEMs) and also includes contract manufacturing for international brands. PLL has more than 60% of its turnover coming from international markets ie, mostly Europe also Phoenix lamps dominates the domestic automotive lamps industry with more than 50% share in 2 wheelers, 4 wheelers(Cars) and commercial vehicles (CVs).
Last year promoters of Phoenix Lamps Limited have changed upon acquisition of 51% stake by Suprajit Engineering Limited (SEL) on June 18, 2015.
Further during Financial Year 2016, SEL had acquired 61.93% stake in PLL for a total consideration of 154.3 Crore. Which means they paid effective 89 / Share. Consequent to this acquisition, PLL became a subsidiary of SEL.
I got a admire the management skills of SEL that they now are running Phoenix Lamps Ltd. as an independent entity ie, it will keep working the way it was with no interference or some shady creativity coming from Parent Company, that clearly shows how much SEL believes in strength of business model & longevity of Phoenix Lamps ltd.
Phoenix Lamps Limited has a quite stable business model with proven records & strong distribution network . It definitely has multibagger potential as a value pick. With Suprajit Engineering Ltd. taking over as promoters shows that it has got the thrust needed to excel into new countries as an auto ancillary .
Lights are essential part of all the vehicles be it a 2-wheeler or 4-wheeler Bina light ke to koi gaadi chal hi nai sakti . Thanks to Stock brokers who hasn't found it for recommending for sattebaaji yet . I see stable turnovers & healthy profit margins maintained. Phoenix Lamps is a Multibagger stock in India available deeply undervalued. ValueGuyz Phoenix Lamps is a definite value pick to consider.
Value picks are stocks of companies that are believed to be undervalued at NSE or BSE. It is an outcome of huge sattebaaji directed by Stock brokers in that stock making Markets overreact to good and bad news, resulting in stock price movements that do not correspond with the company's long-term business or fundamentals.
You can learn Value Pick Multibagger Stock course & start your own research in depth. After completing the Value Pick Multibagger Stock course You have to apply methods & circle of competence on your researched Value Picks.
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I got introduced to Financial system through Forex Trading back in 2007 during my 3rd Year of Engineering & It was too complex yet magnificent. Officially I entered Indian Stock Market in early 2008 at the very beginning of Global Financial Crisis, but what the hell did I know for me it was the last semester & time to get serious about my passion ie, Counter Strike
RoCE : Return on Capital Employed (Effective)
PAT(Avg.) : Net Profit after tax ( Average )
CMP : Current Market Price
MoS : Margin of Safety