Thursday, October 31, 2024

Flash Focus: Fast Facts For Smart Investors 

🌼I have taken some shares of MSP Steel and Power Ltd (Rs.42) for some of my portfolio clients.

Founded in 1968, MSP Steel & Power Ltd specializes in manufacturing and selling iron and steel products, along with power generation. Its key products include premium and regular TMT bars, which are produced using advanced 3-Stage Turbo Quench Technology for strength and durability, meeting BIS 550D standards. 

The company also manufactures various structural steel components such as H beams, I beams, channels, angles, and round bars, as well as ERW pipes commonly used in industries like chemical, construction, and agriculture. 

MSP operates an ISO 14001:2015 certified integrated steel plant in Raigarh, Chhattisgarh, highlighting its commitment to quality and environmental standards.

Financials:

It came out with impressive June, 2024 quarter results: 

The Net Sales in Q1FY25 came at Rs.772.00 crore in June 2024 up 15.03% from Rs.671.12 crore in June 2023.

Quarterly Net Profit came at Rs.6.78 crore in June 2024 up 474.04% from Rs.1.81 crore in June 2023.

EBITDA stood at Rs. 44.45 crore in June 2024 up 20.07% from Rs. 37.02 crore in June 2023.

MSP Steel EPS has increased to Rs.0.18 in June 2024 from Rs. 0.05 in June 2023.

🌼In another interesting development, as per the report on
the India Times, 29 Oct, 2024, Zee TV’s SaReGaMaPa 2024 is returning with new mentors and a record 23 sponsors, including Birla Opus Paints, Chocolate Horlicks, Cadbury Celebrations, Catch Masale and Dish TV.

This is obviously a good news for the shareholders of ZEEL (Rs.121.70), because the popular show: SaReGaMaPa, on Zee TV is conducted by Zee Entertainment Enterprises Limited (ZEEL) and NOT by Zee Media. 

ZEEL is the entertainment arm responsible for producing and airing TV shows and content on Zee TV, while Zee Media focuses on news and information channels.

Also, ZEEL holds ~15% stake in Zee Learn Ltd (Rs.9.42). This stake is part of the promoter holding within the education-focused company, which operates preschool, K-12, and skill development institutions like Kidzee & Mount Litera Schools.

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