ABS Marine Services Limited IPO (ABS Marine Services IPO) Detail

Bhai same here mere pas bhi sme bhare hen abs marine, konstelec, tridhya tech, alpex solar....all have refused to grow

Sme's price correction is beyond imagination.. No one is liking to hold the delivery for long time.. Looks sme fobia is going over very shortly.. Let's wait & watch.. I think sentiment will improve after election results in favour of existing govt. on tomorrow.. !!

​@Noorul 
THANKS for the reply. I am holding 2 lots @ 240.
Hoping for the best.

This is a potential 2x from here given the PE ratio of Innovators Facade

Solid results - H2 didn't disappoint, but didn't run away with it either. Don't think there's that much upside - Innovators is now at 23 after their results, Alu at 19, though the trajectory is more promising with Alu. Let's see how market takes it tomorrow. @Diligent IPO Learner

​@Diligent IPO Learner I am not growth in numbers as compare to H1, though numbers are stable

​@rohiitian at rs 57 with eps of 4.135, pe comes to 14 right

H1 vs H2 is flat. PE at 19 with EPS at 3
(7.54 cr PAT by 2.48 cr). Almost 70% revenue growth YoY is a good jump.

But the problem is market nowadays rewards more on half yearly results, especially for SMEs, and even sometimes that is not enough as well. So that might affect where it is headed tomorrow. @Diligent IPO Learner

​@MuStrFc thank you so much
huge mistake from my side in calculating PE. Didn't take into account that last year results don't account for outstanding shares of this year
Agree now that this doesn't have much upside but still feel this one will do good

​@rohiitian Atmastco looks good to me. What's your take?

Bottomline & margin improvement is good but expected better topline. They've disclosed reasons in the first page stating that some projects were completed but revenue recognition hasn't happened. We'll see if that's enough to placate the market tomorrow. @Diligent IPO Learner

​@rohiitian @Diligent IPO Learner are you holding Atamstco & Aluwind post quarterly result?

Fantastic lovely beautiful results by our hero- Aspire. What massive increase in margins. Too good.

@rohiitian thank you so so much. It is because of you that I have a good quantity in this. Means a lot :) Crazy results. These results have further increased my long-term appetite for this gem and multibagger :)

@MuStrFc and @CA Saurabh Bansal congratulations on holding :)

Would like you all to present your views on the results

Fadu results from Aspire 🔥 With these margins, and expected impact of IPO funds, I'm going to lock my shares in the safe and throw away the key :) @Diligent IPO Learner

Haha lovely @rohiitian :) Can literally feel your delight :)

Now, the company's own products (contract manufactured) with further increase the margins. Growth in geographical segments will increase revenue. Sorted :)

Highly qualified promoter with a kind and generous attitude towards employees. All criteria ticked for a growing business to be successful.

So all in all, a safe long-term investment with massive scope of long-term wealth creation.

Thanks once again :) It would have never been possible, without your keen insights (Right from judging the business correctly which helped in allotment and then the bulk deal which led to increase in holdings) And you share it with others too without any bias or hard feelings. A lovely human being and of course investor you are :)

​@Diligent IPO Learner Welcome :)

Also there's a nice nugget at the end of the document submitted. They've made a senior hire from IIM Calcutta 🙂

Why the hell my comments are not uploaded in this thread...I have shared my analysis three times already

​@rohiitian As said earlier, you see what others miss to see :) Thanks for the share :)

Fantastic work by the company. Intent is very much evident. Clearly shows they are chasing growth :)

More than something to get cheerful about in this result season. Iam getting multiple bags ready to grab this "multi-bagger". 😁 @rohiitian @Diligent IPO Learner

Can't post my analysis here, please reply in Winsole thread

1. Cash flow from operating activities is still negative
2. Borrowing increased compares to last year
3. How can we see growth in their own products?

​@rohiitian I am not able to tag in this thread

​@CA Saurabh Bansal Cash flow is negative, but only just. It's improved from last year, should be positive by next year. Borrowings are negligible for a biz of this scale - mostly short term WC loans.

For more granular metrics let's hope they share an investor presentation or do concall soon

Finally my comment came with tag in this thread, almost tried 6 7 times before and also posted cal in Winsole thread as well..
Profit growth is good

​@rohiitian @Diligent IPO Learner Result ka impact dikh kyu ni rha h price me aj 🤔

​@CA Saurabh Bansal You are very very short sighted. We are long-sighted on this stock. Please do not comment about daily price movements which is irrelevant to us. Don't live in so much tension of why price rises/falls on a daily basis. Have a long-term look. To be honest, if you get dissuaded by short-term stock movements, you are not convinced for its long-term story and here only to make small bucks in a short span of time. Harsh but true

Hi @MuStrFc @rohiitian @Diligent IPO Learner , this question might appear as silly but wanted to know, all of you have said in the current thread that it (Aspire, after through the results) is going to be multi bagger and throwing a key & forget, what is your definition of multi bagger for this one from current price or ipo price.
PS: invested in this one from level of 88 but only 1 lot.
PS: Honestly i thought in recently coming SMEs, Atmastco, Accent, Pratham, ABS can attract min of 2x but could be wrong.

Kindly reply as your guidance/ though process helps

​@Diligent IPO Learner Reason I am asking this question is simple, if result is that good that we are understanding then how come there is no purchase action today, may be we are missing something?

​@rohiitian @Diligent IPO Learner hi sir are you guys holding atmastco post quarterly results?
important points to note
1) Decrease in revenue on Y-o-Y basis;
2) Increase in profit margins from 5.25% to 7.46%
3) IPO proceeds will be used in FY 2024-25
4) New subsidiary in progress for commencement of Defence products manufacturing
5) Standalone EPS is 8.42 and hence, PE comes to approx 26-27 at CMP

Further, your standpoint for Aluwind post quarterly results? Hold or sell?

​@Deeep I'm holding - topline clarification was given that revenue was pushed to next year due to billing issues. Upar neeche ho sakta hai, but long term story remains intact.

Holding Aluwind - may take a call here based on price action post election results.

Bought 1 lot each of ESCONET & THAAI CASTING today.
SME Holdings::
Alpex (800)
Atmastco (800)
Holmarc (1500)
Trust fintech (1200)
ABS marine (2000)
New addition today::Esconet (800)
Thaai 800).
First 3 where IPO allotment, rest bought from market.

​@rohiitian @Sharvam @MuStrFc Is screener best option to screen SME stocks because on multiple times I have seen wrong info on screener like EPS. Do you have knowledge of any other good screener specially for SME ?

If you have doubts on screener data, then just visit NSE announcement section, where you will find latest results of any SME COMPANIES.

​@Sharvam Hi.. added 1 lot of Thaai yesterday @160
Holding Atmastco, ABS Marine, Alluwind, Thaai, E-factor and Aspire in SMEs..
any target for long term for Thaai?

Thaai concall is scheduled today.... Let's see what management has to say...

Link here

Todays concall of Thaaicasting, management is confident of Rs 150 cr Rev for FY24-25.
Forward PE FY24-25 - 14.5 and with Capex of 75 Cr ( Austrian m/c to manufacture specialised gearbox component for windmills ) Rs 300+ Cr Rev for FY25-26 Forward PE FY25-26 - 7.2 - Promotor is technically proficient. Invested and Biased.

Disc:: Copy pasted from X

​@Sharvam thank you for the update.. will hold atleast for another 6 months to see the results or if it crosses 275+ before that

Thaai took place on 6 June):
🔹1. FY-24 revenue at 90.68 cr (⬆️by 84% YoY).
🔹2. FY-24 PAT at 13.7 cr (⬆️by 172% YoY).
🔹3. Order Book as of March 2024 stood at 232.69 cr, received orders of 74 cr in the month of April & May.
🔹4. Established a new subsidiary named Thaai Induction & Nitriding Pvt Ltd & acquired land to setup a gas nitriding plant.
🔹5. Focusing on the wind industry, already signed a contract with a German company.
🔹6. Targeting 150 cr of revenues in FY-25.
🔹7. 27-30% EBITDA margin
🔹8. Aiming to achieve 300 cr topline in FY-26.
🔹9. Capex of 75 Cr for specialized gearbox component for windmills in FY-25.
🔹10. Earlier were doing will be functional in 3 months).
🔹11. Different Segments and Expectations:
🔸a. Automotive:
➡️307 cr order book.
➡️2nd facility will be operational by next year.
➡️12 cr per month revenue expected in FY-25.
➡️100% contribution to revenues in FY-25, expected to contribute 80-90% in FY-25 & 50-60% in FY-26.
🔸b. Gas Nitriding:
➡️One furnace ready (starting by July 2024, 2nd & 3rd furnace by Dec 2025 only).
➡️10 cr revenue expected in FY-25.
➡️Trying to get orders from Motherson.
➡️Targeting to increase Gas Nitriding contribution to total revenues to 10-20% in FY-25 & FY-26.
🔸c. Wind Industry:
➡️Will receive orders from German after Dec 25 as they want to replace Chinese.
➡️Looking to increase contribution to revenue to 30% by FY-26.
🔸d. Aerospace:
➡️Looking to target with machines ordered from Austria for Wind Segment

DISC :: Copy pasted from X

​@Sharvam excellent upper circuit by Thaai Casting today with strong volumes of more than 4 lakhs.. lets hope the journey continues

Good moves on all my SME HOLDINGS today.... Added Beacon trusteeship (1 lot) today.

​@Sharvam Sir what to do with ABS Marine ..?? It is continuously facing resistance at 245 level.. is it wise to hold or should book it.. please suggest.

Hold , you can see today or tmr some 👆 Up

​@Vikas Rana I booked loss today, will surely increase tomorrow

​@Vikas Rana,
I don't buy any SME with short term view. If some gets double/triple in six months, then I dispose half of the quantity (when lot size is decreased).

As far as ABS is concerned, there is no near term triggers unless company announces some contract wins.

But if your views is longterm then, India plans to set up a new shipping company to expand its fleet by at least 1,000 ships in the next decade, as Asia's third-largest economy seeks a bigger chunk of revenue from surging trade.

4 June ko circuit limit change hogi....us din ya to ye udega ya humko uda dega

​@Rakcyt Great 👍
Congratulations on 60+% gains 🎉

Ek baar 218 dikha Diya hai.. ab logon ko 229 bhi mehnga lag raha hai...

Fir jab 240 aayega tab thoda regret hoga..

Aur 275 ke upar FOMo banega.

😂

Sabar karo... Bottom is nearby..... Buying is happening near LC..... Let's hope it closes in Green...

Thoda niche, thoda aur niche ye kahan le aye ab!

Not sure on trust Fintech, he has invested in Atmastco Ltd. & AVP Infracon Ltd.

No he didn't purchase Trush Fintech

This was shared by @SaurabhJogi, on Trust Fintech thread.