Deepen Thakkar's Stock Idea
Deepen Thakkar is Bullish on Force Motors Ltd.
Idea Submitted on 17Sep,2018
  • 3 Total Ideas
  • 0 Active Ideas
  • 3 Closed Ideas
  • 3 Friends
  • 0 Followers
  • Avg. Returns
     -21.92%
    Success Rate
      33.33%
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      Idea Status :  Closed
    Stop Loss Triggered
    Idea Closed at 1200 (22Jul,19 03:02:pm)
     Time Frame
    3year
     Start Price
    2233.2
     Target Price
    4400
     Stop Loss
    1200
     Projected Gain
    2166.8 (97.03% Upside)
     Returns Achieved
    -1033.2     -46.27%
     Analysis
    Mcap : 2960 cr      ROCE :9.60% D/E :0  BV:1374                                   YE16       YE17          YE18 SALES       3025        3069          3430 OPM         9.06%      8.72%       8.02% NET PR          179     180            147   EXPECTINGA TOPLINE GROWTH 30% (4500 CRS) BY 2020 THEMAIN CONTRIBUTORS TO TOPLINE GROWTH 1)FORCETRAVELLER MONOBUS RECENTLY LAUNCHED 2)ACQUISITIONOF PITHAMPURA PLANT FROM MAN TRUCKS WHICH WAS JV PARTNER https://www.financialexpress.com/industry/force-motors-to-acquire-man-trucks-pithampur-facility/1290281/ 3)PROCUREMENTOF DEFENSE ORDER FRON INDIAN ARMY https://www.autocarindia.com/car-news/force-motors-to-supply-light-strike-vehicles-to-indian-army-408330 4)MOREDEMAND FOR LUXURY VEHICLES https://www.businesstoday.in/sectors/auto/luxury-car-sales-grow-fastest-5-years--india/story/267578.html.  FORCE IS IN COLLABARATION WITH TOP TWOGIANTS BMW AND MERCEDES FOR SUPPLYING ENGINES 5)FORCEAND ROLLS ROYCE RECENT TIE UP FOR GENERATION OF DIESEL ENGINES WHICH ARE USED IN POWER GENERATION AND RAILWAYS https://www.thehindu.com/business/Industry/force-motors-rolls-royce-in-engine-jv/article23305230.ece SOJUDGING BY ALL THIS NEW AVENUES OPENING UP THERE WILL BE PHENOMENAL RISE IN TOPLINE AND BOTTOMLINE WITH A VISIBILITY OF 5-7 YEARS EASILY.I EXPECT 2020 EPS TO BE 220 AND AP/E BAND OF 20-30 WILL GIVE PRICE BAND OF 4400-6600.This are my conservative observations and I think this will be more beneficial and good bet for a time horizon of 5-7 years .
     Stock Price Movement (EOD Basis)
     C.M.P Force Motors
    708.7
    Sentimeter
    Buy Calls: 5 Sell Calls: 0
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